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The Latest Breaking News from Inflation

Primark issues warning over price of its clothes

The retailer has warned shoppers to expect 'selective price increases'

Wales Online

DWP to move 2.6million Brits to Universal Credit - full list of winners and losers

We've put together an explainer guide to the managed migration of 2.6million Brits from legacy benefits to Universal Credit. Here's everything you need to know

Daily Mirror

Up to 900,000 DWP benefits claimants to have payments frozen as part of Universal Credit move

As many as 900,000 households across the UK will be left worse off financially as part of the UK Government's plan to move legacy benefit claimants over to Universal Credit

Edinburgh Live

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Primark owner warns of autumn price rises as costs increase

Associated British Foods says its brands, including Twinings and Ryvita, also feel the inflationary heat

The Guardian - UK

IMF Warns Asia Faces ‘Stagflationary’ Economic Outlook

The Asian region faces a "stagflationary" outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity costs and a slowdown in China as creating significant uncertainty. While Asia's trade and financial exposures to Russia and Ukraine are limited, the region's economies will…

Asharq Al-Awsat

Krispy Kreme Dublin is selling super cheap doughnuts but you need a secret code

All you need to do is visit a Krispy Kreme outlet and say the magic words

Dublin Live

New petition calls for DWP benefits to increase in line with current rate of inflation

The petition highlights a looming ‘poverty emergency’ for the UK.

Daily Record

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Primark to hike prices on clothes as business costs rise

The fashion chain has warned it will make "selective" increases as pressures from inflation start to bite

Birmingham Post

Back to the 70s: Primark to put prices up as boss warns on inflation spiral

FRESH fears about how bad inflation could get were stoked today when Primark boss George Weston warned we are “back in the 1970s” and an influential data group said food prices are rising at the fastest for 11 years.

Evening Standard

Tesco unveils huge Clubcard shake-up affecting anyone with points or vouchers

The supermarket giant, famed for its Clubcard promotions, will no longer send out paper statements or vouchers to selected customers under a shake-up to be unveiled in the coming months

Daily Mirror

Lori Borgman: Living in the days of less is more

The vocabulary intended to soften the blows of blistering inflation is a testimony to creativity. Economists keep talking about consumers experiencing shrinkflation. They don't mean consumers are shrinking (although you do look amazingly trim); they mean the products we buy are shrinking, but the prices are not.

Tribune News Service

Government borrowing overshoots forecasts in March as interest payments jump by 50%

Government borrowing more than halved last year as Covid-19 support schemes and health investments wound down, but interest payments on the UK’s debt pile are rising fast.

Evening Standard

Asian shares advance on back of rally on Wall Street

Asian shares are mostly higher after U.S. stocks stormed back from sharp losses to log strong gains

The Independent UK

NZ opposition leader popular but battling

New Zealand's alternative prime minister Chris Luxon has battled his way through a series of interviews on tax policy, Maori health and diversity in his party.

AAP

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Reuters

India's foreign minister says ready to step up on global issues

India is prepared to take a much bigger role in global affairs and would help the world with more supplies of wheat to tame food inflation if WTO rules allow, Foreign Minister Subrahmanyam Jaishankar said on Tuesday.

Al Jazeera

Asia facing ‘stagflationary’ risks, IMF official warns

Senior official points to Ukraine war, soaring commodity prices and China’s economic slowdown as risks to the region.

The Conversation

There are 4 economic wildcards between now and election day. The first gets played this week

There are four economic wildcards between now and the election, and we know exactly when each will be played.

Liverpool Echo

Universal Credit: 12 ways claimants can get more cash

Campaigners warn those on benefits face a real-term cut to their income

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The Philadelphia Inquirer

4 takeaways from Monday night’s Pennsylvania Democratic Senate debate

PHILADELPHIA — They don’t want to “defund the police,” but they do want to end the Senate filibuster.

Reuters

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.

Al Jazeera

‘Hurting the vulnerable’: Indonesia’s palm oil ban ignites prices

Ban on palm oil exports adds to global food security fears amid poor harvests and the war in Ukraine.

Tribune News Service

There's a lot of talk about recession. What should you believe?

In spring two years ago, the coronavirus pandemic threw the U.S. economy into recession. Last spring, the proliferation of vaccines swung it into a rapid expansion.

Daily Mirror

Boris Johnson orders Cabinet to ease cost-of-living crisis - weeks after his tax hike

It comes only a month after the Spring Statement was slammed for failing to do enough for struggling families paying the biggest energy bills rise on record

Chronicle Live

DWP to hammer up to 900,000 people with benefit freeze as they move to Universal Credit

Up to 900,000 of the 2.6m ‘legacy’ households will be worse off long-term under UC, the Department for Work and Pensions (DWP) has admitted

Bangkok Post

Global growth engines sputtering

The International Monetary Fund's revised World Economic Outlook (WEO) is sobering. It is rare for the organisation to revise down sharply its projections for economic growth just one quarter into the calendar year. Yet in this case, it has done so for 86% of its 190 member countries, resulting in…

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