Inflation

UK house prices flatlining as mortgage rates rise, says Nationwide

Lender says slowdown will intensify in coming months as household budgets come under more pressure

Mark Sweney

30, Sep, 2022 @10:41 AM

Early Liz Truss comments on scrapping benefits stoke fears of further cuts

Proposals from 1995 condemning ‘recycling’ of taxpayers’ money add to concerns for universal credit increase

Pippa Crerar Political editor

30, Sep, 2022 @5:00 AM

Treasury watchdog to ask Kwarteng to hand over growth forecasts

Tory chair Mel Stride says committee needs to hear how chancellor will boost growth, and suggests one option might be via immigration

Rowena Mason Whitehall editor

29, Sep, 2022 @5:26 PM

Civil service union urges honesty on public sector cuts amid austerity fears

Departments report being asked to find ways to reduce borrowing after Kwasi Kwarteng’s mini-budget

Ben Quinn

29, Sep, 2022 @3:18 PM

Truss says she has ‘right plan’ on economy and will not change course

In series of local BBC interviews, prime minister says she is prepared to make difficult decisions

Peter Walker and Pippa Crerar

29, Sep, 2022 @12:13 PM

Next boss warns UK heading for ‘two cost of living crises’ as pound slumps

Simon Wolfson says currency crisis means inflation, which has soared because of energy prices, may be worse next year

Sarah Butler

29, Sep, 2022 @9:53 AM

Australia’s inflation rate eases slightly to 6.8% in August thanks to modest fuel price rises

Consumer prices rose 7% in the year to July before easing in August, with construction and fruit and vegetables the largest contributors

Peter Hannam Economics correspondent

29, Sep, 2022 @5:41 AM

What is the Bank of England doing in bid to stabilise UK economy?

Threadneedle Street will buy UK government bonds as pound tumbles in response to Truss and Kwarteng’s mini-budget

Phillip Inman

28, Sep, 2022 @5:35 PM

Britain’s trickle-down budget idiocy offers a clear lesson for Australia on our stage 3 tax cuts | Greg Jericho

The stage 3 tax cuts were always the worst policy, but now they are being done at the worst time

Greg Jericho

28, Sep, 2022 @5:30 PM

Morrisons profits plunge 50% after ‘unprecedented’ inflation

Underlying profits for 13 weeks to end of July fell to £177m from £356m in same period a year earlier

Sarah Butler

28, Sep, 2022 @4:58 PM

Tories pile pressure on Truss and Kwarteng to reverse tax-cutting plan

MPs say financial measures have been disaster for Conservative party as pound tumbles again