Consumer Price Index

BBC bosses say £10.50 licence fee increase to £169.50 isn’t enough and will mean further cuts in programmes and services ‘that audiences love’

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BBC bosses say £10.50 licence fee increase to £169.50 isn’t enough and will mean further cuts in programmes and services ‘that audiences love’

BBC bosses have complained that the £10.50 licence fee increase is not enough and will result in programmes ‘that audiences love’ being axed. Culture Secretary Lucy Frazer revealed that the household payment would jump to a total of £169.50 today as she announced a review into the broadcaster’s funding model.  The broadcaster’s governing body, however, … Read more

Jeremy Hunt claims ‘fiscal discipline’ is working as hopes rise that inflation will finally slip below 5% tomorrow – hitting Rishi Sunak’s target and boosting Tory push for tax cuts

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Jeremy Hunt claims ‘fiscal discipline’ is working as hopes rise that inflation will finally slip below 5% tomorrow – hitting Rishi Sunak’s target and boosting Tory push for tax cuts

Jeremy Hunt claimed ‘fiscal discipline’ is working today amid hopes that figures will finally show inflation slipping below 5 per cent tomorrow. The Chancellor told MPs that ‘continued progress’ on curbing increases in prices was down to government’s ‘hard work’ to bear down on borrowing. The comments came with analysts predicting that official statistics will … Read more

US stocks experienced their best day since APRIL after inflation cooled to 3.2 percent – bolstering investors’ confidence but fears arise over alarming ‘death cross’ pattern in the market

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US stocks experienced their best day since APRIL after inflation cooled to 3.2 percent – bolstering investors’ confidence but fears arise over alarming ‘death cross’ pattern in the market

US stocks experienced their best day since April following the news that the annual rate of inflation fell slightly to 3.2 percent.  Investors are hopeful the cooling of consumer prices signals an end to the Federal Reserve‘s aggressive interest rates hikes which has taken them from a low of 0.5 percent in April 2020 to a 22-year … Read more

Pain for millions of Australians homeowners as new bank boss makes her first call to HIKE interest rates: Here’s how much it will cost you – and a chilling clue there’s more to come

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Pain for millions of Australians homeowners as new bank boss makes her first call to HIKE interest rates: Here’s how much it will cost you – and a chilling clue there’s more to come

Australian borrowers have copped the 13th rate rise in 18 months – taking the Reserve Bank cash rate to a 12-year high of 4.35 per cent as inflation stays ‘higher for longer’. Michele Bullock has presided over her first rate hike as governor and chillingly hinted at more pain to come – with the latest … Read more

How Reserve Bank governor Michele Bullock has called out baby boomers in all but name

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How Reserve Bank governor Michele Bullock has called out baby boomers in all but name

The Reserve Bank’s new governor has hinted baby boomers are to blame for Australia’s cost of living crisis after interest rates rose for the 13th time in 18 months. Michele Bullock, herself a boomer, warned inflation would stay ‘higher for longer’ and blamed older Australians as the RBA cash rate climbed by a quarter of … Read more

The scary graph showing why unemployment will have to rise and 138,000 people lose their job to control inflation

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The scary graph showing why unemployment will have to rise and 138,000 people lose their job to control inflation

Australia’s inflation fight will involve 138,000 people losing their job, based on Reserve Bank forecasts. The ranks of the unemployed would be 26 per cent higher than now, as 658,427 ended up on the dole by the end of 2024, up from 520,500 in September. ANZ has compiled a new graph showing how the Reserve Bank … Read more

Reserve Bank interest rates: Why Melbourne Cup day celebrations are likely to turn sour for mortgage holders

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Reserve Bank interest rates: Why Melbourne Cup day celebrations are likely to turn sour for mortgage holders

The Reserve Bank is expected hike rates a 13th time in succession at its Melbourne Cup Day board meeting after new data showed a jump in inflation driven by soaring petrol prices, the tight rental market and surging power bills. Headline inflation was 1.2 per cent in the September quarter, up from 0.8 per cent … Read more

David Koch’s dire warning to Australia on interest rates

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David Koch’s dire warning to Australia on interest rates

Money expert David Koch has warned Australians they could be in for another interest rate rise on Melbourne Cup Day if inflation fails to moderate. The Reserve Bank’s new governor Michele Bullock on Tuesday left interest rates on hold at an 11-year high of 4.1 per cent, but she hinted rates could go up again because … Read more

Tories warn Rishi Sunak is making a ‘mistake’ that could be ‘electoral suicide’ as PM mulls watering down state pension triple lock to save £600m

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Tories warn Rishi Sunak is making a ‘mistake’ that could be ‘electoral suicide’ as PM mulls watering down state pension triple lock to save £600m

Tories warn Rishi Sunak is making a ‘mistake’ that could be ‘electoral suicide’ as PM mulls watering down state pension triple lock to save £600m By James Tapsfield, Political Editor For Mailonline Published: 09:02 BST, 13 September 2023 | Updated: 12:41 BST, 13 September 2023 Rishi Sunak is facing a Tory backlash today after it … Read more

Mark Bouris predicts Reserve Bank of Australia will pause interest rates in big win for Aussie homeowners

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Mark Bouris predicts Reserve Bank of Australia will pause interest rates in big win for Aussie homeowners

Finance expert Mark Bouris has predicted the Reserve Bank of Australia will ‘definitely’ pause interest rates when it meets in Sydney on Tuesday.  The Yellow Brick Road home loans chairman said he was confident in his forecast after annual inflation fell from 5.4 per cent to 4.9 per cent in July.  ‘That’s very encouraging,’ Mr Bouris … Read more