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The Latest Breaking News from Inflation

What will Jeremy Hunt unveil in the Autumn Statement?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

The Independent UK

Autumn statement: what to expect, what they're not saying, and the traps for Labour

Chancellor Jeremy Hunt’s budget on Wednesday, November 22 will put into place a major piece of the Conservative party’s strategy for the general election – the plan to turn the economy around and tackle the cost of living crisis. But with just over a year to go before an election…

The Conversation

Sunak says he will cut taxes ‘over time’ as he reveals new economic priorities

PM signals that business tax cuts more likely than personal ones as he sets out ‘next phase’ of government’s economic plan

The Guardian - UK

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Retail Rally: 3 Promising Stocks to Watch Before Black Friday

With Black Friday approaching, accompanied by a backdrop of easing inflation, the retail industry is poised for significant gains. Therefore, it could be an opportune time to keep an eye out for three promising retail stocks: Oxford Industries (OXM), The Buckle, Inc. (BKE), and Burberry Group (BURBY). Read on….

StockNews.com

Tax cuts rumoured but the UK's autumn statement will offer little economic comfort

The UK chancellor’s autumn statement is likely to be relatively uneventful – yet extremely significant. Although some headline-seeking tax cuts are rumoured, sluggish economic growth and persistent inflation leave little scope for major policy announcements.

The Conversation

Tax cuts WILL be in Autumn Statement, Rishi Sunak confirms with priority on businesses

The Prime Minister said he and Chancellor Jeremy Hunt were taking the decision to 'cut tax' after having met his goal to halve inflation this year

Evening Standard

Nordstrom (JWN) Pre-Earnings Assessment: Is This a Fashion Stock to Watch?

Nordstrom’s (JWN) revenue and earnings topped analysts’ expectations in the last reported quarter. The fashion retailer’s long-term outlook looks bright, driven by its diverse product offerings and strategic moves to expand its retail presence. Amid inflation-led bleak demand, should you add this fashion stock to your watchlist before its third-quarter…

StockNews.com

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Rent at Jeremy Hunt's luxury flat rockets by 18 per cent amid housing crisis

RENT at a luxury flat owned by Jeremy Hunt soared by 18 per cent while he urged people not to ask for pay rises, it has emerged.

The National (Scotland)

Autumn Statement: Hunt would 'risk fuelling inflation with tax cuts putting money quickly in people’s pockets'

The IFS also stressed that some of the Chancellor’s fiscal “headroom,” possibly of around £25 billion, is an 'illusion'

Evening Standard

Stock Market Today: Asian stocks rise following Wall Street’s 3rd straight winning week

Stocks are mostly higher in Asia after Wall Street closed its third straight winning week with a tiny gain

The Independent UK

Rishi Sunak to paint upbeat economic picture in speech ahead of Autumn Statement

In a speech in London, the Prime Minister will celebrate having halved inflation

Evening Standard

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

Sunak to give update on state of the nation’s finances ahead of autumn statement

In a speech in London, the Prime Minister will celebrate having halved inflation.

The Independent UK

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Barchart

Thanksgiving, Fed Minutes and Other Key Items to Watch This Week

The S&P 500 had a good week last week and finished up over 2%. Part of the rally was bolstered by some better-than-expected inflation news

The Guardian - UK

Autumn statement will avoid tax cuts that promote inflation, pledges Hunt

Chancellor seeks to promote growth ahead of autumn statement that could spark a rebellion among Tory backbenchers defending marginal seats

The Guardian - UK

Jeremy Hunt rules out any tax cut that fuels inflation in autumn statement

Chancellor says he will not throw away hard work done to tackle rising prices amid calls for income tax cuts

The Independent UK

Hunt warns against fuelling inflation but hints at tax cuts for businesses

The Chancellor seemed to downplay speculation that income tax could be reduced in his autumn statement on Wednesday.

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The National (Scotland)

Chancellor 'must give immediate help' to struggling households in spending plans

CHANCELLOR Jeremy Hunt is being urged to help struggling households and take action to improve the benefits system in his Autumn Statement...

The Guardian - UK

Jeremy Hunt faces red wall revolt if he delivers ‘a budget for the rich’

The chancellor’s potential inheritance tax cut in Wednesday’s budget would aid millionaires amid a cost of living crisis

The Independent UK

UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way

U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling

The Guardian - UK

Jeremy Hunt says he faces ‘difficult decisions’ on tax and benefits

Chancellor rumoured to be considering £2bn of cuts to benefits while reducing inheritance tax

Kiplinger

Are You Planning to Splurge? Most Holiday Shoppers Are

Holiday shoppers are planning to spend big despite inflation concerns, survey shows. Many plan to budget and look for deals, but 96% say they still expect to overspend.

Fortune

Mortgage rates have been falling for weeks as inflation fades—but the housing market may still struggle with affordability and high home prices

“For those homebuyers who can wait, the spring will bring more new listings and lower mortgage rates," Bright MLS chief economist Lisa Sturtevant said.

Barchart

Dollar Drops on Expectations the Fed is Done Raising Interest Rates

The dollar index (DXY00 ) on Friday fell by -0.42% and posted a 2-1/2 month low. The dollar Friday fell moderately and remains under pressure as this week’s better-than-expected U.S. inflation news and weekly jobs data that point to a slowing labor market have bolstered speculation the Fed is down...

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