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The Latest Breaking News from Inflation

No, Elon Musk Didn't Pay a 3.27 Percent Tax Rate

Plus: How misinformation spreads, ignoring inflation, and more...

Reason

Why GE Shares Are Falling Today

General Electric Company (NYSE: GE) shares are trading lower Tuesday after the company reported financial results and announced it's experiencing ongoing challenges stemming from the Russia-Ukraine conflict, COVID-19 impacts in China, inflationary pressures and material sourcing delays.

Benzinga

Tesco makes announcement that will affect anyone with a Clubcard

The supermarket giant is making a huge change for Clubcard holders

Manchester Evening News

From analysis to the latest developments in health,
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Penneys set to hike clothing prices due to inflation

Easing of Covid-19 restrictions has seen sales jump more than 50%

Dublin Live

PM hints at further childcare support but no new money for cost-of-living crisis

Boris Johnson was expected to sign off on plans in the ‘coming weeks’.

The Independent UK

Sunak says no new money for cost-of-living ideas - and proposals won’t be discussed for weeks

Boris Johnson to chair meeting to pick out most promising schemes put forward by his ministers

The Independent UK

Hundreds of thousands to miss out on transition benefits payments

It's part of major plans to move nearly one million claimants over to universal credit by 2024

Wales Online

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Why it’s never been a better time to start investing

As life finally starts to return to a new normal after two years of living through the coronavirus pandemic, many people are now looking to take back some control of their finances and to set up a secure future for themselves.

The Independent UK

Primark issues warning to anyone who shops in its high street stores

It's a crushing blow for shoppers who rely on Primark for cheap items

Manchester Evening News

Primark issues warning over price of its clothes

The retailer has warned shoppers to expect 'selective price increases'

Wales Online

DWP to move 2.6million Brits to Universal Credit - full list of winners and losers

We've put together an explainer guide to the managed migration of 2.6million Brits from legacy benefits to Universal Credit. Here's everything you need to know

Daily Mirror

Up to 900,000 DWP benefits claimants to have payments frozen as part of Universal Credit move

As many as 900,000 households across the UK will be left worse off financially as part of the UK Government's plan to move legacy benefit claimants over to Universal Credit

Edinburgh Live

Primark owner warns of autumn price rises as costs increase

Associated British Foods says its brands, including Twinings and Ryvita, also feel the inflationary heat

The Guardian - UK

IMF Warns Asia Faces ‘Stagflationary’ Economic Outlook

The Asian region faces a "stagflationary" outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity costs and a slowdown in China as creating significant uncertainty. While Asia's trade and financial exposures to Russia and Ukraine are limited, the region's economies will…

Asharq Al-Awsat

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Dublin Live

Krispy Kreme Dublin is selling super cheap doughnuts but you need a secret code

All you need to do is visit a Krispy Kreme outlet and say the magic words

Daily Record

New petition calls for DWP benefits to increase in line with current rate of inflation

The petition highlights a looming ‘poverty emergency’ for the UK.

Birmingham Post

Primark to hike prices on clothes as business costs rise

The fashion chain has warned it will make "selective" increases as pressures from inflation start to bite

Evening Standard

Back to the 70s: Primark to put prices up as boss warns on inflation spiral

FRESH fears about how bad inflation could get were stoked today when Primark boss George Weston warned we are “back in the 1970s” and an influential data group said food prices are rising at the fastest for 11 years.

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Daily Mirror

Tesco unveils huge Clubcard shake-up affecting anyone with points or vouchers

The supermarket giant, famed for its Clubcard promotions, will no longer send out paper statements or vouchers to selected customers under a shake-up to be unveiled in the coming months

Tribune News Service

Lori Borgman: Living in the days of less is more

The vocabulary intended to soften the blows of blistering inflation is a testimony to creativity. Economists keep talking about consumers experiencing shrinkflation. They don't mean consumers are shrinking (although you do look amazingly trim); they mean the products we buy are shrinking, but the prices are not.

Evening Standard

Government borrowing overshoots forecasts in March as interest payments jump by 50%

Government borrowing more than halved last year as Covid-19 support schemes and health investments wound down, but interest payments on the UK’s debt pile are rising fast.

The Independent UK

Asian shares advance on back of rally on Wall Street

Asian shares are mostly higher after U.S. stocks stormed back from sharp losses to log strong gains

AAP

NZ opposition leader popular but battling

New Zealand's alternative prime minister Chris Luxon has battled his way through a series of interviews on tax policy, Maori health and diversity in his party.

Reuters

India's foreign minister says ready to step up on global issues

India is prepared to take a much bigger role in global affairs and would help the world with more supplies of wheat to tame food inflation if WTO rules allow, Foreign Minister Subrahmanyam Jaishankar said on Tuesday.

Al Jazeera

Asia facing ‘stagflationary’ risks, IMF official warns

Senior official points to Ukraine war, soaring commodity prices and China’s economic slowdown as risks to the region.

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People

Subrahmanyam Jaishankar

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International Monetary Fund

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