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The Latest Breaking News from Inflation

Martin Lewis MoneySavingExpert on where to find the 'hidden' cheaper food in supermarkets

All shoppers have to do to find cheaper food is look down a different aisle

Chronicle Live

Four ways to spend your dwindling cash that will boost your wellbeing

The cost of living crisis shows no signs of letting up. Inflation around the world continues to rise and economists are predicting numerous countries will go into recession.

The Conversation

Summer of discontent as UK hit by huge energy bills, axed flights and strike delays

The UK is facing a summer of discontent with rising energy bills, soaring food prices, flight cancellations, a looming recession and strikes expected across the country in the coming months

Daily Mirror

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Martin Lewis' MSE on the supermarket aisles shoppers can find cheaper foods

Sometimes the difference in prices can be just metres apart

Wales Online

Freddos return to 10p with company that is 'turning back the clocks to 1994'

We like to joke that the cost of inflation can be marked by how expensive the nostalgic chocolate Freddo costs at the local corner shop - but one company is selling it again for a mere 10p.

Edinburgh Live

Nicola Sturgeon will 'bust a gut' to avoid more strikes but Westminster must act

NICOLA Sturgeon has said there is a "real case" for civic mobilisation amid ongoing pay disputes, as she spoke of her Government's budget…

The National (Scotland)

Zahawi faces shortest chancellorship since 1970 – and may be glad of it

The ex-vaccines minister appears to be the equivalent of a caretaker football manager, with Kwarteng waiting in the wings

The Guardian - UK

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If interest rates are raised high enough to kill off inflation, how bad will the consequences be?

Cineworld has signalled its intention to declare bankruptcy. Like many companies in the UK and elsewhere, the London-based cinema chain took on massive amounts of debt to expand. It is expected to use the Chapter 11 process in the US to restructure its debt and other obligations.

The Conversation

Sturgeon: Scottish Government action on pay is hindered by budget limitations

The First Minister said there was a case for the UK Government to make a ‘large scale intervention’ into the cost-of-living crisis.

The Independent UK

Blackouts, price hikes and recession - what winter in Ireland might look like this year

With the ongoing cost of living crisis, rising energy costs, potential blackouts and recession are looming this winter, according to several experts.

Irish Mirror

Rishi Sunak questions whether Liz Truss’s tax plans are truly Thatcherite

Sunak says Thatcher would know Truss’s planned tax cuts ‘aren’t a sensible approach’

The Independent UK

Mixed news for Coles customers as profits and prices rise

Supermarket chain Coles had good and bad news for households on Wednesday after posting a 4.3 per cent uplift in annual profits to $1.04 billion.

The New Daily

I earn between €35k and €50k - what might Budget 2023 have for me?

Supports are expected to focus on middle and lower income earners who have been worst affected by the rising rate of inflation

Irish Mirror

Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

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Daily Mirror

Martin Lewis' MSE explains aisles where supermarkets ‘hide’ cheaper food

Martin Lewis' MoneySavingExpert website team has explained how you can often find cheaper versions of the same products in the world foods and baby aisles - so it pays to look around

Evening Standard

Costain on track to complete HS2 works as profits rise

Construction company says inflation clauses in contracts help offset rising commodity and energy costs

The Guardian - UK

Levelling up bill includes no funding to make levelling up happen, say MPs – as it happened

Levelling up committee chair says in current form bill is unclear on how to ensure policy becomes reality

The Independent UK

Sunak steps up attack on Truss over economic plans

Former chancellor Rishi Sunak defended his economic approach and warned that Liz Truss’ approach was a ‘gamble’ with people’s finances.

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Asharq Al-Awsat

As Ukraine War Drags On, Europe’s Economy Succumbs to Crisis

It was meant to be Europe's stellar year. A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a sense of normality after two dreadful years. But all that changed on Feb. 24 with Russia's invasion of Ukraine. Normality is…

The Independent UK

Asian shares mixed after modest Wall Street fall

Asian shares are trading mixed as a wait-and-see mood sets in following another — though more modest — day of sell-offs on Wall Street

The Conversation

The Inflation Reduction Act doesn't get around the Supreme Court's climate ruling in West Virginia v. EPA, but it does strengthen EPA's future abilities

The new Inflation Reduction Act is being justly celebrated as the most significant piece of federal legislation to address the climate crisis to date. It includes about US$370 billion in incentives for everything from solar panels to electric vehicles.

Bangkok Post

Pace of rate rises will be gradual - Bank of Thailand

The Bank of Thailand (BoT) will raise interest rates gradually to ensure a smooth take-off as it fights inflation, its governor said on Wednesday.

The National (Scotland)

Downing Street responsible for energy bills and inflation, say Greens

Decisions made in Downing Street are responsible for rising prices, energy bills and the highest rate of inflation in the G7, the Scottish Greens…

The New Daily

Coles posts profit uplift as higher bakery, produce prices squeeze shoppers

Coles has flagged higher prices for baked goods and fresh produce as soaring inflation continues to squeeze households at supermarkets.

AAP

Coles year profit up, inflation impacting

Supermarket giant Coles has posted a rise in full-year net profit to $1.05 billion, after a two per cent lift in sales revenue to $39.37 billion.

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