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The Latest Breaking News from Inflation

At a glance: Key points from Chancellor Jeremy Hunt’s autumn statement

The Chancellor said his priorities were stability, growth and public services as he delivered the autumn statement

Wales Online

Certain DWP benefits set to rise in line with inflation from April 2023

The Chancellor has announced in his Autumn Statement today (November 17), that the UK Government will invest £11 billion into raising benefit payments in line with inflation.

Edinburgh Live

Everything Chancellor Jeremy Hunt announced in his autumn statement

Taxes up, benefits up, more cost of living payments and higher energy bills

Wales Online

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Autumn Statement: Jeremy Hunt’s big freeze as tax hiked by £24billion

£30billion spending cuts but extra help for hospitals, schools and poorest

Evening Standard

Jeremy Hunt announces minimum wage will rise by just 92p - as inflation soars

Chancellor Jeremy Hunt announced in his Autumn budget this morning that the national minimum wage will go up from April 2023 - taking the new hourly rate up to £10.42

Daily Mirror

Autumn Statement: Pensions and benefits to rise as payments to go up by 10.1%

The Chancellor has listened to opposition MPs and anti-poverty campaigners by agreeing to raise benefits in line with inflation.

Daily Record

State Pension and Universal Credit rise confirmed as payments to go up 10.1%

Chancellor Jeremy Hunt today announced in his Autumn statement that state pensions and benefits will rise with inflation after months of uncertainty and the threat of a Tory revolt

Daily Mirror

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Jeremy Hunt announces huge changes to 600,000 people on Universal Credit in Autumn Budget

It comes as the chancellor faced repeated calls to increase Universal Credit in line with inflation

Manchester Evening News

UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says

Office for Budget Responsibility forecast that the UK economy will shrink further next year as Brits face rocketing inflation and cost-of-living crisis

Daily Mirror

Chancellor confirms £55 billion fiscal 'consolidation'

The Scottish Government is set to receive around an additional £1.5bn over 2023-24 and 2024-25

Insider UK

More people to pay higher rate of tax as inflation projected to fall in 2023

The Chancellor said inflation was predicted to fall next year

Wales Online

Sports construction rolls right through economic uncertainty

With the galloping horses long gone, the Chicago Bears see 326 acres of opportunity at the shuttered Arlington International Racecourse

The Independent UK

Petrol price hike warning amid fears Autumn Budget will 'tamper with' fuel costs

Chancellor Jeremy Hunt is being urged not to increase the price of petrol.

Daily Record

Dallas Fed: A bursting housing market bubble could once again plunge us into recession if policymakers aren’t careful

"The possibility of a sharp price correction leading to an economic contraction would further complicate Federal Reserve inflation-fighting efforts" writes the Dallas Fed.

Fortune

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The Independent UK

How do interest rates affect inflation? - OLD

Borrowing costs at their highest level in 14 years

Liverpool Echo

Cost of living crisis wipes out council's 'enviable' surplus

Cabinet member said the council had done "everything it can" amid inflation, energy and price rises

Tribune News Service

Commentary: Denying economic reality doesn’t help struggling Americans

Polls show economic concerns were dominant for many Americans this election season. Unfortunately, voters couldn’t always count on getting accurate reporting about these issues.

Los Angeles Times

Michael Hiltzik: 'Moderates' like Mitt Romney are threatening Social Security. Democrats don't have to let them

You may have thought that the drubbing Republicans received in the recent election would have prompted party leaders to think more warily about promoting policies that nauseate the voting public.

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Chronicle Live

Autumn Statement time, what Jeremy Hunt will say and how it could affect you

Chancellor Jeremy Hunt is expected to raise taxes, cut services and allow local authorities to increase council tax bills when he makes Autumn Statement

The Guardian - UK

UK facing ‘grim economic outlook’ as Jeremy Hunt warned against excessive austerity – business live

Investors and economists warns that markets want to see growth plans as well as fiscal responsibility

Wales Online

Price of petrol and diesel at the pump could go up in announcement today

Jeremy Hunt may increase the price of fuel

The Independent UK

Asian benchmarks mostly decline amid lingering China worries

Asian shares mostly declined amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal

The Guardian - UK

Thursday briefing: What to expect from Jeremy Hunt’s autumn statement today

In today’s newsletter: The new chancellor is primed to announce a package of cuts and tax rises to confront inflation – here’s what you need to know

Manchester Evening News

What time is Jeremy Hunt's autumn budget statement today?

A plan to 'grip' record-high inflation is expected to be announced by Chancellor Jeremy Hunt

The Independent UK

What can we expect from the Autumn Budget?

Jeremy Hunt expected to deliver harsh package of tax rises and spending cuts to plug £60bn shortfall

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People

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