Commonwealth Bank economists predict exact month interest rates rise

Australia’s biggest bank predicts the EXACT month when interest rates rise and mortgage holders will be forced to pay more Commonwealth bank economist predicts the cash rate will rise in June Economist Gareth Aird suspects inflation will be a lot stronger than RBA forecast CBA is expecting a 1.2 per cent increase in inflation in … Read more

Cost of tinned tomatoes and pasta soars as shoppers face food price squeeze, new research finds 

How inflation is hitting YOUR shopping basket: Cost of a pack of pasta soars by  41 per cent to 72p and tinned tomatoes go up 29 per cent while price of average shopping basket rises by £1.32 Basket of 15 food items typically bought by average family in supermarket rose by £1.32 Study indicates the … Read more

Sunak REFUSES to back pleas for workers to shun big pay rises

Rishi Sunak today refused to back the Bank of England’s plea for workers to shun big pay rises despite soaring inflation. The Chancellor said it was ‘not the government’s role’ to get involved in negotiations between companies and employees. The thinly-veiled rebuke to Bank chief Andrew Bailey – who last week urged ‘restraint’ on salary … 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

Australia’s mortgage interest rates could be about to soar soon

Why you will be paying hundreds more for your mortgage despite the Reserve Bank’s assurances: Australian economists predict interest rates will surge soon By Colin Brinsden For Australian Associated Press Published: 04:48 GMT, 4 February 2022 | Updated: 09:14 GMT, 4 February 2022 Economists are sticking to their guns when its comes to predicting a … 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

Homeowners are braced for rate rise shock as mortgage increases could add to cost of living squeeze 

Homeowners are braced for 0.5% rate rise shock as mortgage increases could add to cost of living squeeze Bank of England rise in the base interest rate to 0.5 per cent is ‘all but inked in’ Would be second rise in seven weeks after push to 0.25 per cent in December About two million borrowers with variable … Read more

UK households are borrowing more and saving less as inflation surges, Bank of England figures reveal

Households are borrowing more and putting less money into savings, according to Bank of England figures. Some experts pointed to the statistics as evidence of people trying to maintain their lifestyles as their incomes are battered by high Inflation. They also said the figures suggest householders are starting to dip into extra savings built up … Read more