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The Latest Breaking News from Inflation

Cost-of-living concerns impacting Aussie travel plans

After rebounding from the pandemic, the travel industry is facing further setbacks as holidaymakers face cost-of-living concerns.

AAP

Jeremy Hunt's Spring Budget: What we know and the announcements to look for - including energy bills, benefits, childcare and more

A wide variety of economic issues will be tackled in the Chancellor's Spring Budget on Wednesday

Manchester Evening News

Budget 2023: government needs to show it can jack up growth to regain economic credibility

UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early…

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

How Fed shrapnel killed Silicon Valley Bank

Continuing to tighten monetary policy in this environment of bank blowups and declining consumer and business confidence is a surefire recipe for disaster.

Fortune

How the Fed Broke Silicon Valley Bank

The Fed's anti-inflation measures had to hurt someone.

Reason

SVB is a victim of the US Federal Reserve’s obsession with inflation

City Voices: Ramping up interest rates so quickly was bound to create mayhem

Evening Standard

Kimberly Palmer: How to fight the 'pink tax' amid inflation

Women often pay more for goods and services, but it doesn’t have to be that way

The Independent UK

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3 Growth Stocks That Should Be on Every Long-Term Investors’ Watch List

With inflation remaining elevated, the Fed is expected to keep raising interest rates. This is expected to keep the stock market volatile. However, that should not deter long-term investors from adding fundamentally strong growth stocks Box (BOX), Extreme Networks (EXTR), and Celestica (CLS) to their watchlist, given their solid growth…

StockNews.com

Economist blames rising inflation on COVID-19 policies, as woman tells Q+A she can no longer afford university

A young Australian tells Q+A she has been forced to forego her education due to the spiralling cost of living, opening the door for economist Gigi Foster to blame COVID-era government policy for rising inflation in Australia.

ABC News

Lamb shoulder out and Dairy free spread in: All the changes to the UK’s cost of living tracking ‘inflation basket’

The Office for National Statistics (ONS) monitors the prices of a virtual so-called inflation basket of more than 700 goods and services to create monthly inflation figures

The Independent UK

OPINION - Controlling inflation is the battle of our times — and fortune will favour the bold

The Bank of England appears to be as confused as everybody when it comes to the outlook for interest rates. At the beginning of the month, a speech by the Bank’s Governor Andrew Bailey triggered hugely conflicting headlines. They ranged from “Bailey downplays talk of sharp rise in interest rates”…

Evening Standard

Junior doctors 'paid less than workers at Pret a Manger' as 70,000 expected to strike

The British Medical Association say junior doctors are demanding an end to a decade of below-inflation pay deals - they've hit out at the government over the latest 2% pay rise

Daily Mirror

Alcopops and non-chart CDs ejected from UK ‘inflation basket’

E-bikes, home security cameras and frozen berries added to ONS list in sign of changing shopping habits

The Guardian - UK

Stelrad CEO urges Government to take more action to help decarbonise homes

Trevor Harvey's comments come as the Newcastle and Yorkshire firm published record full year results despite a number of challenges

Birmingham Post

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Bangkok Post

Asia-Pacific travellers return in 2023, with different tastes

Travellers are set to come out in fuller force across the Asia-Pacific region this year, though still-high inflation and structural hurdles likely will leave the critical industry still far from pre-Covid levels.

The Independent UK

UK and US to ‘work through’ concerns over Biden’s package of green subsidies, Rishi Sunak says

The Inflation Reduction Act is an attempt to make the US economy environmentally friendly with tax credits for green technology

Birmingham Post

North West's private sector sees first improvement since August 2022 - NatWest

The bank has published its latest PMI data for the region

AAP

NZ hikes welfare payments as fruit and veg prices soar

Food prices are on the rise again in New Zealand, particularly for fruit and vegetables, as inflation worsens in the wake of Cyclone Gabrielle.

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news in one place.

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Birmingham Post

East Midlands economy looking up according to monthly NatWest business survey

East Midlands business confidence was at its strongest since last April, as inflationary pressures started to soften

The Guardian - UK

The Guardian view on corporate greed: it’s causing inflation

Editorial: Unite’s claim that firms are profiteering on the back of a crisis hitting workers is hard to dismiss

The Guardian - UK

‘Global greedflation’: big firms ‘driving shopping bills to record highs’

Analysis by UK union shows large corporations have improved profits with price rises in cost of living crisis

The Guardian - UK

Hunt budget being overshadowed by Lineker row is no bad thing for chancellor

Wednesday’s announcement will not change big picture for UK economy

The Guardian - UK

Britain’s older electorate can live with low GDP. It’s high inflation they abhor

Tories can take heart that the over 65s won’t punish poor GDP, research finds. Just don’t hit them in the pocket

The Guardian - UK

Labour planning £8bn Biden-style green energy revolution

Rachel Reeves to visit US to learn from senior Democrats about ambitious regional recovery plan

ABC News

WA faces challenging year ahead but economic outlook remains positive, according to new business report

Western Australia is well positioned to withstand a possible worldwide recession, according to the Chamber of Commerce and Industry WA's economic outlook report, but it warns the state still faces a tough 12 months.

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