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The Latest Breaking News from Inflation

Hunt claims UK has ‘turned a corner’ as he slashes national insurance

With an eye on next year’s election, Chancellor Jeremy Hunt began easing the tax burden but it will still hit a record high.

The Independent UK

Single mother says Hunt’s welfare reforms ‘won’t really help people like myself’

Universal Credit and other benefits will increase by 6.7% next year in line with September’s inflation figure, Jeremy Hunt said.

The Independent UK

Stocks Gain on Positive Corporate News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.56%. Stocks this morning are moderately higher, with the S&P...

Barchart

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3 Top Tech Stocks Analysts Think You Should Own for 2024

With inflation cooling and interest rates expected to ease, the stock market could see tailwinds next year - so let's take a look at 3 tech stocks analysts think you should own for 2024.

Barchart

Sluggish economic growth on the cards until 2027 says OBR

Watchdog says GDP will only advance by 0.7% next year compared with its previous projection of 1.8%

Evening Standard

State pension increase of 8.5% will be greeted with relief, say experts

With inflation starting to fall back, the rise will create much-needed space in pensioners’ budgets, experts said.

The Independent UK

Jeremy Hunt makes 'cut and paste' jibe at Rachel Reeves sparking howls of laughter from Tory MPs

The shadow chancellor has admitted she 'should've done better' following allegations she plagiarised parts of her new book

Evening Standard

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Americans are tiptoeing out of economic turmoil this holiday shopping season

With two big shopping days on the horizon – Black Friday and Cyber Monday – U.S. retailers are getting ready for the most important time of the year. The stakes are high: For some companies, the holiday shopping season accounts for 50% of annual revenue. But economic uncertainty and recent…

The Conversation

OBR halves UK growth forecast and warns inflation will exceed 2% target until 2025

Despite £27bn windfall for the autumn statement, government forecaster warns of generally more difficult outlook until 2028

The Guardian - UK

Hunt begins to ease historically high tax burden with eye on Tory election hopes

The Chancellor said high employment taxes ‘disincentivise hard work’.

The Independent UK

Martin Lewis reacts as Universal Credit £470 increase announced

Money Saving Expert Martin Lewis shared his thoughts as Chancellor Jeremy Hunt announced a £470 rise in payments to Universal Credit claimants

The National (Scotland)

Are Bank of America (BAC) and M&T Bank (MTB) Still Wise Investment Choices?

The central bank officials have recently expressed little interest in cutting rates anytime soon. With the recent Fed meeting minutes suggesting a continuation of a “restrictive” policy, rates will likely remain higher for longer. In this piece, I have discussed how the U.S. banking industry is expected to perform amid…

StockNews.com

Jeremy Hunt slashes National Insurance in go-for-growth Autumn Statement but tax burden still rising

Millions set to pay higher rate of income tax in future as wages rise but thresholds remain frozen

Evening Standard

Hunt raises benefits in line with inflation ‘to support families in difficulty’

Campaigners had voiced concern amid reports they would not be raised in the usual way, instead using last month’s lower inflation figure.

The Independent UK

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The Independent UK

Key measures included in Jeremy Hunt’s autumn statement and what’s missing

Chancellor reveals 2% national insurance cut, as he claims Tory economic plan is ‘working’

WEKU

Here's what will cost you more — and less — for the big Thanksgiving feast

The cost of a traditional Thanksgiving feast is slightly lower this year than last, thanks in large part to falling turkey prices. Overall grocery inflation has eased significantly in the last year.

The Guardian - AU

RBA governor says inflation ‘increasingly homegrown’, suggesting interest rates will remain high

Michele Bullock warns prices are ‘rising strongly for the majority of the goods and services we all consume’

The Independent UK

Stock market today: Asian shares slip in cautious trading following a weak close on Wall Street

Shares are mostly lower in Asia after Wall Street’s rally ran out of momentum

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The Guardian - UK

Wednesday briefing: What’s ‘on the table’ for Jeremy Hunt’s autumn statement

In today’s newsletter: Amid backbench pressure to cut taxes, Rishi Sunak and his chancellor have signalled a willingness to bring forward tax cuts

The Independent UK

Britain's Conservative government set to start cutting taxes ahead of likely election next year

Britain’s Conservative government will try to win favor with voters by cutting taxes but avoiding worsening inflation in a budget statement

The Guardian - UK

From tax to debt: five key issues that underpin the autumn statement

With inflation falling, the chancellor is expected to turn his attention to growing the economy

The Guardian - UK

What to expect in the autumn statement 2023

From Whitehall to welfare and pay to pensions, here is what Jeremy Hunt is likely to announce

The Independent UK

December dates for benefits, pensions and cost of living payments

Many households still struggling and facing costly winter, even as inflation begins to ease

The Independent UK

November dates for benefits, pensions and cost of living payments

Inflation very gradually easing but many households still struggling

The Independent UK

What time is the Autumn Statement and what will Jeremy Hunt unveil?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

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