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The Latest Breaking News on Economy

Inflation likely to rise to 15% early next year

Analysts warn of sustained domestic inflation across Britain as food and energy prices surge

Evening Standard

Black and Asian unemployment rate higher than white joblessness, analysis shows

Exclusive: There is a high risk of worsening ethnic inequalities in the labour market, charity warns

The Independent UK

How does the UK’s inflation at 10.1% compare with the rest of Europe?

As double-digit inflation arrives in Britain for the first time since the 1980s, what is going on over the English Channel?

Evening Standard

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Zahawi condemns Labour’s energy plan for rewarding ‘wealthier people like me’

The Chancellor said he would rather target support for families struggling with the cost of living.

The Independent UK

Inflation is causing real pain. But raising interest rates will make it worse

Rate hikes could induce a recession and hurt ordinary people. We need price stabilisation measures instead

The Guardian - US

What life was like in 1982 - the last time inflation was this high

Wales Online

Soaring food and energy costs drive UK inflation to 10.1%

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices

The Independent UK

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Inflation hits 10.1% reaching 40-year high amid cost of living crisis

The increase was largely down to food prices and staples including toilet rolls and toothbrushes, the Office for National Statistics said.

Daily Record

Why does our inflation response punish low-income workers?

As the Reserve Bank considers another rate increase today, a more equitable approach would seek to shift the costs of dealing with inflation on to the least vulnerable, argues Edward Miller

Newsroom.co.nz

More unemployment next year than in pandemic, experts predict, as inflation set to top 13 percent this year

The latest figures out today show a 0.1 percent rise in unemployment over the last three months - but it's a sign of things to come

Manchester Evening News

UK job vacancies fall for the first time in two years

From May to July the amount of vacant jobs in the UK dipped by 19,800 or 1.5%

Evening Standard

Homeowners warned interest rates could rise by further 0.5% next month

Millions of homeowners were warned on Tuesday that the Bank of England’s monetary policy committee could raise interest rates by a further 0.5 per cent next month - hiking their mortgage payments.

Evening Standard

Glass half empty or full? The two ways of viewing latest UK jobs figures

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

The Guardian - UK

Singles are opting for cheaper dates due to cost of living crisis, study finds

More than 40 per cent of single people say they are now more inclined to pick modest date location to avoid bill panic

The Independent UK

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The Guardian - UK

UK wages in June fall at fastest rate for 20 years

Real pay continues to be outstripped by soaring inflation amid a continuing cost of living crisis

Daily Mirror

Workers' pay falls at record levels as Tories 'have lost control of the economy'

Boris Johnson is on his second holiday in a fortnight as Brits are facing a deepening cost of living crisis. Between April and June, regular pay slumped by 3% when taking skyrocketing inflation into account, according to official statistics.

The Guardian - UK

UK real pay falls by record 3%, as job vacancies also decline – as it happened

UK wages adjusted for inflation decline at fastest rate in 20 years, while job vacancies fall, as average annual grocery bill is set to jump by £533 to £5,128

Evening Standard

Record pay slump as prices rocket

Millions hit by sharpest fall in real-term wages in two decades

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Evening Standard

Inflation tipped to hit 10% as living standards fall further

The London lifestyle seems to be particularly prone to cost of living hikes with rents and mortgage bills

The Guardian - UK

We partied for June’s jubilee, but a winter recession won’t be an easy ride

Data on jobs, prices and sales this week will add to the gloom, but might an inflation-led return to work take the edge off?

Tribune News Service

Tories fear UK fallout with Johnson absent and rivals feuding

LONDON — Replacing Boris Johnson was meant to let the U.K.’s ruling Conservatives move on from the chaos and distractions turning off voters.

The Independent UK

Businesses and wealthy people ‘handed £36bn tax cuts under Rishi Sunak’

Tax Justice UK calculates at least £35.8bn handed to businesses in tax cuts

Evening Standard

‘Worst is yet to come on economy’

Average family energy bill could reach nearly £5,300 next spring

Insider UK

GDP falls 0.1% as Covid-19 vaccination programmes wind up

Experts are predicting that this fall signals the beginning of a recessionary period for the UK economy

The Guardian - UK

UK economy contracted in second quarter amid cost of living crisis – as it happened

Live, rolling coverage of business, economics and financial markets as economists brace for long UK recession

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