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The Latest Breaking News from Inflation

Boris Johnson told 'get on with the job' by Keir starmer as country faces more rail strikes and soaring inflation

At Prime Minister's Questions, the Tory leader came under fire for his handling of the economy and the rail strikes.

Daily Record

RBI governor flags continued high inflation as 'a major concern': MPC minutes

MUMBAI: RBI governor Shaktikanta Das has cautioned that continued high inflation is a major concern for the economy, even as economic activities are gaining traction while voting for a 50 basis points hike in key interest rate to check price rise earlier this month, as per minutes of the meeting…

The Times of India

No10 brands a real pay rise for 5million Brits 'reckless' as Summer of Discontent looms

Downing Street suggested an across-the-board pay rise for public sector workers with inflation - which hit 9.1% today - would be 'reckless' because it would drive up prices even further and make their money 'worthless'

Daily Mirror

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What can households do to ease pressure of soaring inflation during the cost-of-living crisis?

Citizens Advice, run by highly trained volunteers, are available to assist people with debt, legal and housing problems

Evening Standard

Bombardier's Workers On Key Program Vote On Contract Offer Today: Reuters

Bombardier Inc (OTC:BDRBF) (OTC:BDRBD) workers on a key program for the Canadian business jet maker will be deciding today whether to accept a new contract offer or walk off the job, reported Reuters. According to the letter seen by Reuters, Bombardier had offered its workers on a key jet program a new…

Benzinga

Union Rejects Rolls Royce's Inflation Bonus: All You Need To Know

A union representing Rolls Royce Holdings plc (OTC:RYCEY) workers in the U.K. rejected the company's offer of a £2,000 one-off payment to beat the crippling inflation, the BBC reports. The offer also included a 4% pay hike. The union known as Unite argued that the offer "falls far short of the real cost…

Benzinga

Which Stocks Should You Consider As Recession Hits Retail?

Retail companies have faced multiple headwinds of late, including multi-decade high inflation and persistent supply chain disruptions. With recession fears looming, many retail companies have lowered their guidance for the current year. However, not all stocks are expected to be weighed down by the recession. Kroger (KR) has raised its…

StockNews.com

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Superannuation funds set for worst returns since global financial crisis

Superannuation funds are set to record their worst performance since the GFC as sharemarkets plunge due to high inflation and rising interest rates.

The New Daily

Inflation in Turkey: Researcher won’t hide the figures Erdogan doesn’t want to see

In May the official Turkish statistics institute established the inflation rate at 73.5 percent, the highest in the country since 1998 – a figure ENAG, an independent group of researchers, immediately disputed. It puts the real rate at around 160.80 percent. The director of the organisation became the target of…

France 24

The Standard View: Inflation returns to the centre of politics, with more pain on the way

Such has been the deteriorating economic picture over the last six months that today’s headline rate of inflation — 9.1 per cent — can be placed in the “not as bad as feared” box. Yet it still means prices are rising at their highest rate for 40 years, and material…

Evening Standard

Asda shoppers ask cashiers to stop scanning at £30 because of major money fears

Asda chair Lord Stuart Rose said more customers are conscious of what they're spending and said many are switching to budget ranges to save money as part of a “massive change in behaviour”

Daily Mirror

Teachers call for inflation-beating pay rise and warn of strike action

NEU says average teacher salaries are at their lowest level compared to average earnings across the economy in over 40 years

Wales Online

Another day of disruption as strike hangover delays commuters

Dominic Raab said the “militant activity” of unions taking industrial action cannot be allowed to win

Evening Standard

Kuwait Looks Forward to Invest in US Infrastructure

The Kuwait Investment Authority (KIA) is waiting for a further expected decline in global markets before deploying investments and believes that will be by the end of the year, Managing Director Ghanem al-Ghenaiman said on Tuesday. Speaking at the Qatar Economic Forum organized by Bloomberg in Doha, Ghenaiman said he…

Asharq Al-Awsat

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Daily Mirror

Best savings accounts to beat rising costs as inflation hits 40-year high of 9.1%

Soaring inflation means higher bills for UK households, and it is also eating away at the value of any spare cash you might have - but the good news is savings deals can help ease this pressure

Wales Online

Brits warned pizza and quiche getting rapidly more expensive

Soaring prices also affecting potatoes

The Guardian - UK

Former Tory minister calls 10% rise in state pension ‘ludicrous’

Jim O’Neill scathing about decision to help pensioners while forcing real-terms pay cuts on public sector workers

Daily Record

Rishi Sunak urged to slash VAT to help families struggling due to record high inflation

Scottish Liberal Democrat Treasury spokesperson and MP for Edinburgh West Christine Jardine urged the Chancellor to do more to help struggling families.

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Wales Online

Some Asda shoppers setting strict £30 limit at checkouts and petrol pumps

Comes as inflation soars and remains at a 40-year high

Daily Mirror

Teachers warn of autumn strikes if Tories refuse 'inflation plus' pay rise

The National Education Union said it would consult its 450,000-strong membership over potential industrial action if ministers fact to act on pay, staffing and workload issues

Daily Record

How soaring inflation will affect your household finances over the next few months

The rate of consumer prices index (CPI) inflation rose from 9% in April to 9.1% in May.

The Guardian - UK

Largest teaching union threatens to ballot members in England on strike action

National Education Union writes to education secretary Nadhim Zahawi, calling for ‘inflation-plus’ pay rise

The Guardian - UK

Asda shoppers setting £30 limits at tills as inflation hits 9.1%

Stuart Rose flags ‘massive change’ in consumer behaviour and says No 10’s priority is to get inflation down

ABC News

UK inflation has hit a 40-year high. Here's what that means for Australia

Inflation is soaring to new highs in major global economies and Australia is not immune.

Daily Mirror

Tories told state pensions rise ‘crazy’ as workers ordered to accept wage cuts

Lord Jim O'Neill, a former Treasury minister, branded protections for pensioners 'ludicrous' in the face of soaring hardship for working families

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