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The Latest Breaking News from Inflation

How to save more when inflation makes your money count less

During inflation, consumers can adjust their spending and saving strategies to help lessen the impact that inflation has on the value of their money

The Independent UK

Mortgage borrowers face squeeze on living costs as Bank of England poised to raise rates

Bank of England expected to raise base rate to highest level in 13 years as walks ‘very fine line’ between cooling inflation and avoiding recession

The Independent UK

What's Going On With LL Flooring Shares Today

LL Flooring Holdings Inc (NYSE:LL) reported a first-quarter FY22 sales decline of 1.6% year-on-year to $279.03 million, missing the consensus of $281.40 million. Comparable store sales decreased 3.6% versus last year and increased 3.3% on a two-year stack basis. Merchandise sales decreased 2.3% Y/Y to $244.27 million, while Services sales rose 4.1% to…

Benzinga

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read the most diverse news in one place.

City of Liverpool College staff set to strike on day students sit 'crucial' GCSE exam

Affected students will join 50,000 others across the country disrupted by the strike action

Liverpool Echo

Labour faces an open goal in this week’s local elections. It mustn’t miss

At the moment, you might ask how Keir Starmer’s party could possibly fail. Yet things may not be quite so simple, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK

Trade unions at impasse with Amazon France over wage negotiations

Among the unions representing Amazon France's 15,500 employees, only one – the CFE-CGC executives' union – this week signed an agreement for a 3.5 percent pay rise. The others say this isn't enough given high rates of inflation.

Radio France Internationale

Wetherspoon facing 'considerable' pressure on costs as shares in pub giant drop

Britain’s hospitality sector is slowly recovering after a series of Covid lockdowns hammered trading

Daily Record

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Halifax accidently tells customers the Bank of England has raised interest rates

In March, interest rates went up from 0.5% to 0.75% - their highest level since March 2020 as the Bank of England sought to cool rising inflation. It's set to be followed by another rate rise on Thursday this week, and several more in the coming months

Daily Mirror

Interest rates set to hit 13-year high amid cost of living crisis

The Bank of England is trying to get inflation under control

Wales Online

Bank of England tipped to raise interest rates to 1% today - how it would affect you

The Bank of England is set to raise interest rates again from 0.75% to 1%. This will have an affect on people's savings, mortgages and pension pots. Here's how you could be affected

Daily Mirror

Rate hike signals RBI wants to act quickly before inflation derails growth, say experts

MUMBAI: The RBI's surprise rate hike on Wednesday suggests that the central bank wants to act quickly before inflation derails the growth recovery, experts said.

The Times of India

Martin Lewis shares four banks where you can get up to £150 for free

Some offers are even available to existing customers

Manchester Evening News

Steak prices will keep rising, major US meatpacker says

Beef will be getting even more expensive at U.S. grocery stores in the months ahead, according to one of the country’s biggest meatpackers.

Tribune News Service

DUP’s Jeffrey Donaldson criticised over Stormont boycott threat

Leader accused of holding region to ransom with vow not to revive power sharing until Brexit protocol is ditched

The Guardian - UK

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The Guardian - UK

Independence day: why Gordon Brown gave the Bank the right to set interest rates

Analysis: New Labour’s chancellor revealed his plan to a surprised Eddie George and his private secretary, now governor, Andrew Bailey

WEKU

Eviction filings are up sharply as pandemic rental aid starts to run out

The federal rental aid program expects to distribute the rest of its money by mid-summer. Some cities have already run out of funding, pushing eviction filings higher than before the pandemic.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 4

Reuters HSBC Kick Starts Its $1B Planned Share Buyback

The Independent UK

Oil prices surge as EU proposes complete ban on Russian crude and petrol imports

Threat of further petrol and diesel price rises after European Commission unveils toughest measure yet against Russian energy supplies

Get all your
news in one place.

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Benzinga

Fed Expected To Hike Interest Rate By Half Percentage Point To Curb Inflation

On Wednesday, the Federal Reserve is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S. central bankers work to combat high inflation.

The Independent UK

India's central bank raises interest rate to tame inflation

India’s central bank has raised its key interest rate to 4.4% from 4% to try to contain fast-rising inflation

The Times of India

Sensex crashes 1,307 points after RBI's rate hike surprise; Nifty settles at 16,678

NEW DELHI: An off-cycle hike in repo rate by the Reserve Bank of India (RBI) spooked equity indices on Wednesday, with the benchmark BSE sensex crashing over 1,300 points.

Daily Record

People set to retire this year could lose £400 from final salary if inflation hits 10%

Experts warn pensioners could end up losing around £7,000 over their future lifetime.

Axios

The Fed gets serious about tighter money

In a meeting Wednesday, the central bank will begin a more aggressive campaign against inflation

Tribune News Service

One voting group holds key to midterms after abortion leak: Suburban women

WASHINGTON — Suburban women could now tip the balance in the midterm elections that will decide control of Congress after a leaked draft opinion indicated the Supreme Court was poised to overturn Roe v. Wade.

The Independent UK

Pay rises for finance workers are deepening inequality, IFS says

While most workers face a real terms cut in earings finance professionals’ pay is outstripping inflation, the IFS found

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