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The Latest Breaking News from Inflation

The one message everyone wants to send to the UK government minister who says people can manage their budgets by buying value brands

Environment Secretary George Eustice, who earns £150,000 a year, advised those struggling with the rising cost of living to buy cheaper food

Wales Online

Interest rates soars to 13-year high as Bank of England warns energy bills will soon hit £2,800

It is a crippling cost of living crisis

Manchester Evening News

Bank of England warns of recession in UK as interest rates hiked to 1%

The Bank of England increased interest rates as it battles against rising inflation and warns that the economy will go into reverse this winter.

Daily Record

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How will the Bank of England base rate rise affect you?

The rate has been hiked to a level not seen since 2009.

The Independent UK

Martin Lewis calls 'bulls***' on 'patronising' suggestion for UK shoppers

A Cabinet minister suggested consumers should swap to value brands as the cost-of-living crisis continues to bite

Liverpool Echo

Martin Lewis explains what new interest rates mean for savers and homeowners

The Bank of England has increased interest rates to 1%

Liverpool Echo

Bank of England warns of recession and says inflation will hit 10%

Inflation will top 10% by the end of the year, the highest rate since 1982, the Bank of England warned today.

Evening Standard

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Bank of England warns energy bills will hit £2,800 and inflation will surge to 10%

The cost of living will hit a record high this year, the Bank of England is warning, with inflation due to hit 10% and the price of energy bills and food likely to keep rising

Daily Mirror

Interest rates raised to 1% by Bank of England - the highest rate in 13 years

The rise tightens the cost-of-living squeeze for Londoners and has been described as a ‘bitter blow’

Evening Standard

Bank hikes rates to 1% and warns cost crisis will send economy into reverse

Members of the Bank’s nine-strong Monetary Policy Committee voted 6-3 to increase rates from 0.75% to 1%, the highest level for 13 years.

The Independent UK

Bank of England raises interest rate to 1% - a 13-year high

The change will mean higher mortgage costs and increased charges for anyone in debt or who is borrowing

Wales Online

Call to ban booze adverts and raise minimum unit price in Scotland

MINISTERS are being urged to do everything they can to restrict alcohol advertising despite key powers being reserved to Westminster.

The National (Scotland)

If You Invested $100 In SPY, Apple Or Amazon When Fed Last Hiked Rate By 0.5%, Here's How Much You'd Have Now

The U.S. Federal Reserve raised interest rates by 0.5% in more than two decades on Wednesday. The target fed funds rate now stands between 0.75% and 1.0% as the central bank cited elevated inflation as its reasoning for hiking the interest rates.

Benzinga

Bank of England raises interest rates as it warns of recession and 10% inflation

Rise to 1% is fourth successive increase and highest level since February 2009

The Guardian - UK

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Daily Mirror

UK interest rates hit 13-year-high - pushing up mortgages and debts for millions

The Bank of England is increasing base rate to bring down soaring inflation, but in the short term it means people in debt and homeowners paying even more than before

Daily Mirror

Bank of England hikes interest rates to 1%: What it means for your money

The bank's committee has voted in favour of a 0.25 percentage point increase, taking the base rate - which lenders use as a benchmark for interest rates - to a 13-year high of 1%

The Independent UK

Shell reports record 1st-quarter earnings as oil prices soar

Energy giant Shell has reported record first-quarter earnings after a surge in oil prices

Bangkok Post

Inflation attached to energy prices after April cooling

Thai inflation in May is expected to rise in lockstep with energy prices, which remain at a high level compared with 2021, after the headline rate increased 4.65% year-on-year in April, according to the Commerce Ministry.

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The Guardian - UK

Rishi Sunak reportedly blocked from higher benefit rise by ageing IT system

Chancellor considered rise of more than 3.1% but was told he could only do it ‘once a year’ due to 40-year-old system

The Independent UK

Bank of England expected to raise interest rates again

The Bank of England is expected to raise its key interest rate to the highest level in 13 years

The Independent UK

Inflation in Turkey soars to eye-popping near 70% in April

Official data show that inflation in Turkey has soared to nearly 70% in April, as skyrocketing prices eat away at earnings and put even basic necessities out of reach for many households

Chronicle Live

Sainsbury’s shoppers furious after supermarket makes major change to online deliveries

Customers have called out the supermarket for upping prices as inflation hit a new 30-year record high

Wales Online

Martin Lewis brands minister's advice on food shopping 'bull****'

The advice has seen the Government labelled patronising and out of touch

France 24

US Federal Reserve walks fine line between inflation and recession

America's central bank is hiking interest rates by half a percent in a bid to tame decades-high inflation in the US. But it’s also tempering its plan for future hikes to avoid sending the economy into recession. Meanwhile, French consumers are facing skyrocketing prices across a number of sectors.

Birmingham Post

Barratt CEO David Thomas says biggest UK housebuilder working hard to meet demand

CEO says selling prices are up around 7 per cent - offsetting build cost inflation of 6 per cent

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