Westpac survey on why the richest Australians are the most worried about surging interest rates

Australia’s richest people are the most worried about surging interest rates even though they don’t have to pay off a mortgage, a major bank has revealed. A Westpac-Melbourne Institute consumer sentiment survey for July showed those who owned their own home outright were the most worried about rate rises to curb climbing inflation. When asked … Read more

Psaki warns price rises will be ‘extraordinarily elevated’ because of the war in Ukraine

President Joe Biden‘s administration tried to get ahead of more dire inflation news, as the March consumer price index report will be released Tuesday. White House press secretary Jen Psaki said during Monday’s briefing that the White House expected ‘headline inflation to be extraordinarily elevated due to Putin‘s price hike.’    Last month the same report … Read more

Rishi’s popularity with Tory activists slumps amid cost-of-living crisis

Rishi’s popularity with Tory activists slumps amid cost-of-living crisis and backlash at mini-Budget… while Ben Wallace stays top Rishi Sunak has slipped down the Cabinet rankings among the Tory grass roots Regular ConservativeHome survey of readers is closely watched by ministers Defence Secretary Ben Wallace is top amid plaudits for his Ukraine response   By James … Read more

Sadiq Khan hikes Tube and bus fees by up to 20p as he blames government for price rise

Bus and tube fares in London are set to rise by up to 20p a journey – in yet another cost of living blow for those living in the capital. With Londoners already facing spiraling gas bills and rising inflation, today Sadiq Khan heaped on more misery by raising prices by almost 5 per cent … Read more

Stop a sudden surge of inflation devaluing your portfolio

The end of national lockdown is now so close that many of us can already imagine that first taste of freedom. The first sip of a cold pint enjoyed with an old friend, the mouthwatering first bite of a long-missed dish served at a local restaurant.  But William Meadon, portfolio manager at investment trust JPMorgan … Read more

Teaching union demands GCSEs must be ABOLISHED amid fears of a ‘Wild West’ of grade inflation

Britain’s largest teaching union has demanded GCSEs are abolished amid fears of a ‘Wild West’ of rampant grade inflation this summer. The National Education Union said there is a growing movement to challenge the status quo among Tory MPs and other powerful groups. It asked whether there was any function for the tests when pupils … Read more

CPI inflation rate drops to 0.4% in February

CPI inflation rate drops to 0.4% in February with clothes and cars getting cheaper after renewed lockdown – easing fears over rising prices Headline CPI rate of inflation fell from 0.7 per cent to 0.4 per cent in February Suprised economists who had been expecting a slight uptick in the annual rate Clothes and second … Read more

Joe Parkin: Don’t let inflation eat your lockdown savings

Joe Parkin is head of UK banks and digital channels at BlackRock IM Joe Parkin, head of UK banks and digital channels, at BlackRock Investment Management explains why he thinks that savers risk paying a high price for inertia and how they can invest to combat the threat of more inflation in years to come. … Read more

Hand sanitiser added to ONS inflation shopping basket

Hand sanitiser and home workout gear are added to basket for calculating inflation as watchdog makes changes for Covid fallout The Office for National Statistics has now updated its inflation shopping basket Items used to measure changes in the cost of living now include hand sanitiser  Home workout gear and smart watches also added after … Read more