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By Ed Magnus and Helen Crane For This Is Money The Bank of England has upped the base rate for the fourth time since December as it attempts to keep a lid on soaring inflation. The base rate has risen from 0.75 per cent to 1 per cent, having been previously upped from 0.1 to … Read more
Supermarkets are slashing the prices of hundreds of products as customers face a cost-of-living crisis – with Asda and Morrisons reducing the cost of tea bags, eggs, meat and cereal by up to 13 per cent on average. As part of plans to invest £73 million and supports its staff, Asda is also increasing the … Read more
They’re the ultimate symbol of individuality — homes designed and built to your specifications, perhaps with you doing some of the heavy lifting, too. But have soaring inflation, labour and materials shortages, plus the war in Ukraine, combined to push the costs of your dream self-build home through the roof? It looks that way, with … Read more
Mortgage repayments for millions of Australians could rise in less than 45 DAYS as inflation surges RBA boss Philip Lowe said inflation and wage data would be a major focus This could result in record low interest rates being bumped up in mid-2022 The low rates are largely responsible for Australia’s property market bubble By … Read more
Dimon raises the alarm over a looming US recession: JP Morgan boss warns of effects of inflation and Ukraine war By Hugo Duncan and Lucy White For The Daily Mail Published: 17:14 EDT, 13 April 2022 | Updated: 03:59 EDT, 14 April 2022 One of the world’s best-known bankers has warned a recession in the … Read more
President Joe Biden’s administration tried to get ahead of more dire inflation news, as the March consumer price index report will be released Tuesday. White House press secretary Jen Psaki said during Monday’s briefing that the White House expected ‘headline inflation to be extraordinarily elevated due to Putin’s price hike.’ Last month the same report … Read more
‘I skip meals so my children can eat’: NHS nurse and mother-of-three who’s left with just £80 a week after bills says she’s ‘at breaking point’ but has to ‘find a way’ for the sake of her family Rebeccah, from Leicester, is a part-time radiology nurse and a mother of three After paying bills, she … Read more
Australia’s most powerful banker is expecting inflation to surge this year – making an early rate rise more likely. Almost every expert is expecting the Reserve Bank of Australia to raise interest rates in 2022 with even one increase set to cost a typical borrower $77 a month. The RBA left the cash rate on … Read more
Rishi’s popularity with Tory activists slumps amid cost-of-living crisis and backlash at mini-Budget… while Ben Wallace stays top Rishi Sunak has slipped down the Cabinet rankings among the Tory grass roots Regular ConservativeHome survey of readers is closely watched by ministers Defence Secretary Ben Wallace is top amid plaudits for his Ukraine response By James … Read more
Amid soaring inflation and threats of a possible recession, Friday’s jobs report offered President Biden a sigh of relief: jobs figures only slightly under what was expected as the labor market grew increasingly tighter. U.S. nonfarm payrolls added 431,000 jobs in March, a figure nearly 60,000 shy of what experts had predicted, while unemployment dropped … Read more