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The Latest Breaking News from Inflation

It's the year 2000 all over again in the economy and financial markets

That has big implications for recession risk as markets nosedive

Axios

The crazy housing market is finally slowing

But rising mortgage rates will continue to put the squeeze on buyers.

Axios

Could wage increases be on the way as inflation soars? Government told 'Ireland needs a pay rise'

Speaking on Newstalk's Breakfast, Ivana Bacik said the Labour Party agrees with the trade unions that workers must get pay increases that match inflation

Irish Mirror

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What 9% inflation means for you - as gas, hotels and food top list of rises

As Bank of England governor Andrew Bailey prepares to go before the Treasury Select Committee to discuss whether the UK is about to dip into a recession, economists have forecast the cost of living to hit another high this week

Daily Mirror

Minister says people should increase work hours or move to better job to combat cost of living crisis

A Government minister is at the centre of a row after saying workers struggling with rising bills should consider taking on more hours or simply moving to a “better paid job”.

Evening Standard

Britons struggling with cost of living should get a ‘better job’, says minister

Home Office minister suggests people ‘take on more hours’ and make use of local job centres

The Independent UK

Abortion rights: how a governor’s veto can protect women’s freedoms

The likely end of Roe has raised the stakes in gubernatorial races with candidates stressing on the urgency of the moment

The Guardian - US

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South Wales Metro project on track to come in over budget

Transport for Wales said the project's originally £734m budget was being hit by inflation and material supply issues

Birmingham Post

Asian shares mixed as markets eye US interest rates, prices

Asian shares are trading mixed, as investors eye surging energy costs and prospects for interest rate hikes in the U.S. and elsewhere

The Independent UK

Queen's Speech proved just how out of touch the Tory UK Government has become

In her regular Daily Record column, the MP for Glasgow Central said the Conservative Government at Westminster has failed to help ordinary people struggling with the cost of living.

Daily Record

Out of touch Tories are all pomp and give no action on cost-of-living crisis, says SNP MP

In her Daily Record column, MP Alison Thewliss says Chancellor Rishi Sunak needs to set out a date for an emergency budget.

Daily Record

The cost of living crisis means bolder budget decisions are needed to lift more NZ children out of poverty

Urgent and bold – transformative even – budget decisions are needed if we are to get serious about the cost of living crisis and what it means for families and children living in or on the edge of poverty.

The Conversation

Alan Kohler: The time for lazy, comfortable government is over

If Treasurer Josh Frydenberg loses his seat on Saturday his best legacy could end up being his commissioning of a review of Australian productivity.

The New Daily

Tory MPs to grill Bank of England governor over high inflation

Andrew Bailey’s appearance at select committee will come amid work from chancellor to find new ways to ease cost of living

The Guardian - UK

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news in one place.

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Tribune News Service

McConnell sees swift Ukraine aid passage, backs NATO expansion

WASHINGTON — Senate Minority Leader Mitch McConnell said after a visit to Kyiv that he expects the Senate to pass a $40 billion aid package for Ukraine with broad bipartisan backing on Wednesday, and countered what he called the “isolationist voices” in his own party.

Tribune News Service

McConnell sees swift Ukraine aid passage, backs NATO expansion

WASHINGTON — Senate Republican Leader Mitch McConnell said after a visit to Kyiv that he expects the chamber to pass a $40 billion aid package for Ukraine with broad bipartisan backing on Wednesday.

Daily Mirror

Man has 'sobering experience' living off food bank parcel for three days

Ivan Morris Poxton wanted to get a first-hand experience of what struggling families are currently going through as the cost of living crisis deepens

The Hindu

Houseboat industry in turbulent waters

Rising prices of fuels and essentials rock COVID-hit sector

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Liverpool Echo

NHS prescription prices frozen to help ease cost-of-living crisis

Health Secretary Sajid Javid has confirmed the fees which normally rise in line with inflation will not change this year

The New Daily

Paul Keating attacks Coalition’s super for housing policy as economists warn of soaring prices

A Coalition plan to allow first-home buyers to use their superannuation to buy property has been slammed by Paul Keating as a "frontal assault" on super.

Tribune News Service

Biden’s midterm hopes bedeviled by signs of economy in distress

President Joe Biden’s hopes for a political reset have been overwhelmed by an unrelenting series of economic setbacks, adding to the challenges Democrats face as they court exhausted voters ahead of the crucial midterm election in November.

Radio France Internationale

Inflation on the rise in France, driven by rising cost of food and energy

Inflation is creeping up in France, as it is in many parts of the world, but economists point out that not all prices are increasing. However, consumers are feeling the pinch, because the products that are most impacted are daily necessities, like petrol and food.

Manchester Evening News

NHS prescription charges frozen amid cost of living crisis to 'put money back in people’s pockets'

Meanwhile, ministers have been resisting calls for a windfall tax on the profits of the energy companies which have been swollen by rising oil and gas prices

The Guardian - UK

Tory peer calls for welfare boost to counter cost of living crisis

Asda chairman Stuart Rose says universal credit uplift and honesty over Brexit are crucial to combat ‘national economic emergency’

The Independent UK

Australian prime minister launches campaign days before poll

Australia’s embattled prime minister has officially launched his conservative party’s campaign less than a week before elections, highlighting the nation’s early success in containing the pandemic and its strong economic recovery

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