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The Latest Breaking News from Inflation

Scotland able to spend more on public services after deal with UK Treasury

Agreement will allow Scottish ministers to double annual borrowing and borrow more for major projects

The Guardian - UK

Sunak claims ‘light at end of tunnel’ on inflation as Bank of England set to raise rates again

His comments came as the Bank of England prepared to hike interest rates to the highest level since February 2008

The Independent UK

Sunak signals he may not achieve goals on inflation and NHS waiting lists

Prime minister blames strikes for long NHS England waiting lists, and acknowledges progress on halving inflation is slow

The Guardian - UK

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Rishi Sunak tells father-of-four facing huge mortgage payments to 'talk to bank'

THE Prime Minister told a father-of-four facing a huge hike in his mortgage payments to simply “talk to your bank” ...

The National (Scotland)

Rishi Sunak blames striking workers as he signals he could fail in two key pledges – as it happened

Prime minister criticised by NHS worker after blaming staff for long waiting lists

The Guardian - UK

Rising UK interest rates force homebuyers to take on longer mortgages

Builder Taylor Wimpey says Bank of England stance has weakened housing market

The Guardian - UK

Bank of England set to raise interest rates above 5% today

The City braces for a hike of at least a quarter-point, taking base rates to their highest since 2008

Evening Standard

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August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

The Independent UK

Bidenomics Gains Momentum As Strong Economic Data Validates Policy

Noted economist Paul Krugman highlights robust job growth and falling inflation as indicators of success.

Zenger

Investors Bet On Fed Rate Hike Pause As September Meeting Approaches

Wall Street economists predict a temporary halt in rate hikes due to softening labor market and mild inflation data.

Zenger

Rishi Sunak should think about his RAF jet pilot’s pay

Brief letters: Public sector pay | Sloughvian demonyms | Fond memories of Sindy | Property inflation | Farage farrago

The Guardian - UK

High inflation won’t stop people ordering pizza

Domino's orders increased by 2.8% compared to the same period last year, helping it grow underlying profits by 8.2%.

Fortune

Survey reveals major fears of UK voters over 'Westminster-made' cost of living crisis

The latest inflation figures show prices have risen by 7.9 per cent in June.

The National (Scotland)

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Kiplinger

What Is Inflation?

Inflation has been top of mind for investors in recent years, but what is inflation and why does it matter?

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

The Conversation

Rate hikes may have slowed inflation in the US – but they have also heightened the risk of financial crises for lower-income nations

The campaign to fight U.S. inflation by upping interest rates has been going on for a year and a half – and its impacts are being felt around the world.

Evening Standard

UK house prices fall at fastest annual rate for 14 years

The price of a typical home is now 4.5 per cent below the August 2022 peak

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news in one place.

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The Guardian - UK

UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

The Independent UK

Recession fears as house prices slump and manufacturers suffer worst month since lockdown

Price of a typical home is now 4.5 per cent below the August 2022 peak

The Independent UK

UK house prices fall at fastest annual rate in 14 years

The price of a typical home is now 4.5% below the August 2022 peak, Nationwide Building Society said.

The Independent UK

Stock market today: Asian benchmarks boosted by Wall Street's latest winning month

Asian shares have mostly risen, boosted by market optimism set off by a Wall Street rally despite lingering worries about regional growth

The Independent UK

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Guardian - AU

RBA interest rates: Australian borrowers given reprieve as Reserve Bank pauses again

The RBA has left the official cash rate on hold at 4.1%, the highest level since 2012, in line with investors’ expectations

The Conversation

Australia is about to set its first full employment target – and it will define people's lives for decades

Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make.

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