How deplorable that banks STILL won’t help savers amid soaring inflation, says ALEX BRUMMER 

The prospect of double-digit inflation this autumn, as surging energy and wheat prices force up the cost of living, means that the latest quarter-point hike in the Bank of England’s interest rate to 0.75 per cent will not be the last. So with Putin’s war against Ukraine taking an enormous bite out of Britain and … Read more

Bill Shorten tells Australians to buy an electric car

Bill Shorten says people should buy an electric vehicle because petrol prices are so high and blamed Scott Morrison for the unaffordability of EVs. The former Labor leader has called on the government to make electric vehicles, more affordable as a solution to the high cost of living, during an interview with Karl Stefanovic and … Read more

Labour councillor apologises for telling family worried about gas hikes ‘wear jumpers’

Labour Councillor Lynne Troughton apologises for telling a family facing £700-a-month energy bills to ‘wear jumpers’ – as she’s branded ‘patronising and callous’ on Twitter Lynne Troughton, a Labour Councillor in Hackney, told Courtney Wilding his daughter’s potential £700-a-month bills could be countered by ‘economising’ She told the artist: ‘She needs to start using less. … Read more

Luxury Holidays for Less slammed for promoting £3000 getaways for amid cost of living crisis

Channel 4 viewers were left unimpressed after a show promising budget luxury travel gave tips on bagging business class flights and chartering private yachts amid the cost of living crisis.  Luxury Holidays for Less promised viewers to provide high-end holidays for ‘a fraction of the price’, adding that Britons are ready to ‘reward ourselves with … Read more

Soaring cost of living will not ease until next year, Bank of England boss warns

Soaring cost of living will not ease until next year, Bank of England boss warns: Andrew Bailey says squeeze on living standards will continue until at least 2023 – as he urges staff not to demand higher wages over fears price rises will become ‘ingrained’ Andrew Bailey said staff asking for higher wages could see … Read more

Staff demanding higher wages could contribute to soaring cost of living, Bank of England boss warns 

Don’t ask for big pay rise! Staff should not demand higher wages because it could contribute to soaring cost of living, Bank of England boss warns Andrew Bailey said staff asking for higher wages could see price rises ingrained Campaigners said many Britons had already struggled through lacklustre pay Came as Bank of England hiked … Read more

UK energy price cap jump rise to push inflation over 7% as experts question BoE intervention

Energy price cap jump will drive inflation beyond 7% as cost of living crisis deepens – and experts question whether BofE intervention can help The Bank of England now believes CPI could hit 7.25% by April  Energy costs have been a key driver of inflation and rate cap hike deepens issue Inflation is not expected … Read more

Millions will see telecoms bills jump as the cost of living crunch continues

Telecoms bills are set to be hiked by as much as 9.3 per cent this spring as the cost of living continues to send household costs soaring. Every year BT, EE, Plusnet, Vodafone, O2, TalkTalk, Shell Energy and others raise their ‘in contract’ prices, in line with the Consumer Price Index (CPI) rate of inflation, … Read more