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The Latest Breaking News from Inflation

Prescription charges frozen – who pays for medication in England and Wales?

Prescription charges in England, which would normally rise with inflation, will be frozen at £9.35 until next year, but who needs to pay for medication in England and Wales?

Daily Mirror

The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

The Guardian - UK

Inflation has squelched the optimists

Especially in suburban and rural America.

Axios

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read the most diverse news in one place.

Behind the Joe Biden v, Jeff Bezos beef

The Bezos-Biden spat comes as the price of food and fuel soars and Amazon workers organize to form a labor union

Salon

A Peek Into The Markets: US Stock Futures Down Following Tuesday's Rally

Pre-open movers

Benzinga

£24,000 annual increase in average UK house price

The annual rate of house price growth slowed to 9.8% in March, the Office for National Statistics said.

The Independent UK

UK house prices: Will rising interest rates cause a property market crash?

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

The Independent UK

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Money Mum blogger shares eight-step plan to save enough for a holiday

Gemma Bird says simple hacks can make you enough money for a family break

Wales Online

Labour to force vote on emergency budget as UK inflation soars to 9%

Shadow chancellor renews call for windfall tax on oil and gas firms to offset cost of living crisis

The Guardian - UK

Bristol vintage fashion store owner says cost of living crisis is 'destroying' business

Kate Ashwell who owns Ashwell & Co in Clifton is calling on the Government to do more to help companies such as hers

Bristol Post

6 items becoming unaffordable as inflation hits 9% - including fuel and drinks

Inflation rose to 9% in April - a new 40-year high - as households battled against rising energy bills as the new Ofgem price cap came into effect, adding to the cost of living crisis

Daily Mirror

Four more rate hikes this year, warns City as inflation takes toll

THERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation takes its toll on an increasingly shaky UK economy.

Evening Standard

Poorest facing inflation of 11% while rich only hit by 8%, say experts

While inflation was confirmed to have hit a 40-year high of 9% this morning, the poorest in society are facing a real-terms hit of 11%

Wales Online

Labor to consider new national Covid strategy to reduce deaths

Anthony Albanese says pandemic still ‘major issue’, but Scott Morrison says Australians want to ‘put that in the rear-vision mirror’

The Guardian - AU

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The Independent UK

Interest rates: What are they and how do they affect inflation?

The Bank of England has raised interest rates to their highest level in 13 years

Wales Online

Mr Kipling, Oxo, Sharwoods and Ambrosia price hike warning

Prices are having to go up because of rising costs, Premier Foods has said

The Hindu

BJP targeting religious places to divert people's attention from issues such as unemployment, inflation: Mayawati

"This can spoil the situation anytime. Years after Independence, the manner in which people’s religious sentiments are being incited, as part of a conspiracy in the guise of Gyanvapi, Mathura, Taj Mahal and other places, will not strengthen the country but will only weaken it. The BJP needs to pay…

The Independent UK

Soaring 9% inflation increases pressure on Sunak to act on cost-of-living crunch

The Chancellor said ministers ‘stand ready to take further action’ to help households feeling the pinch.

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The Independent UK

How to cope with the rising cost of living

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 Guardian - UK

Boris Johnson ‘choosing to let people struggle’ with cost of living says Keir Starmer – as it happened

Latest updates: Labour leader says prime minister ‘does not get it’ and says government delays are making problems worse

The National (Scotland)

Rishi Sunak blasted over 'warm words' as inflation soars to 40-year peak

UK inflation has soared to a 40-year high, piling pressure on the Tory administration to act fast to help struggling households amid a brutal…

Tribune News Service

Dan Rodricks: Our nation needs more immigrants, fewer race baiters

White Americans who worry about being replaced by immigrants and other people of color need to get a grip on reality. The “great replacement theory,” along with general immigrant anxiety, not only perpetuates racist paranoia but works against our nation’s economic health.

The Independent UK

What does the rising rate of inflation mean for you?

Cost of living crisis continues to bite as energy bills, fuel and food prices climb

Bangkok Post

Britain’s inflation rate surges to a 40-year high of 9%

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

The Independent UK

Liz Truss says ‘high-paid jobs’ answer to cost of living crisis

Minister blames inflation on ‘global headwinds’ – and insists better-paid jobs key to getting through ‘storm’

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