Bank of England holds rates at 5.25% amid inflation concerns
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates as inflation remains stubbornly above target, despite economic slowdown signals.
Category : Search result: inflation Australia
Australia pledges 65% emissions cut by 2035
Prime Minister Anthony Albanese unveils Australia's ambitious new 2035 emissions reduction target of 65%, positioning the nation as a global leader in climate action while ensuring economic stability.
Powell Warns: High Inflation to Delay Rate Cuts
Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.
Virgin Australia to Allow Pets in Cabins from 2025
Virgin Australia is set to revolutionise air travel by allowing pets in cabins on select domestic routes from 2025. Here's everything you need to know about the new policy, including costs, eligible animals, and how it will work in practice.
UK Inflation Stuck at 3.8% in August
New ONS data reveals UK inflation remained stubbornly high at 3.8% in August, dashing hopes of a drop and piling pressure on the Bank of England. We break down the key drivers and what it means for your wallet.
UK Inflation Holds Steady at 3.8% in July
UK inflation remained unchanged at 3.8% in July, defying expectations of a fall. The surprise hold puts pressure on the Bank of England and impacts household budgets amid the cost of living squeeze.
UK Inflation Plunges to 2.3%, Nearing BoE Target
In a dramatic shift, UK inflation has fallen to its lowest level in nearly three years, hitting 2.3% in April. This brings it tantalisingly close to the Bank of England's 2% target, putting a summer interest rate cut firmly on the table. Discover what thi
UK inflation holds at 3.8%, Reeves faces budget warning
UK inflation remains stubbornly high at 3.8% in September, posing significant challenges for Chancellor Rachel Reeves as she faces warnings of a £24 billion budget shortfall and tough economic decisions ahead.
RBA: Cost-of-living pain to continue through 2024
The Reserve Bank of Australia issues a sobering alert that the cost-of-living crisis is far from over, with persistent high inflation and interest rates set to continue pressuring family budgets well into the new year.
UK Food Inflation Could Hit 15% This Summer
Shoppers across the UK face a severe cost of living squeeze as new analysis warns grocery inflation could surge to 15% this summer, adding hundreds of pounds to annual food bills.
Australia cuts skilled migration, new hurdles for UK applicants
In a major immigration overhaul, Australia cuts its skilled worker visa quota and raises the bar for applicants. Discover how new points tests, higher salary thresholds, and stricter English requirements will impact British nationals seeking a life down u
UK Food Inflation Soars Above Germany and Spain
Exclusive analysis reveals UK food inflation is significantly higher than in Germany, Spain, and France, placing immense strain on British households and raising questions about post-Brexit trade impacts.
New York's $475m Inflation Refund: Claim Your Payment
Thousands of New York residents are eligible for a one-off inflation refund payment from a $475 million pot. Find out if you qualify for the cash boost and how to claim it.
British Men Killed in Kangaroo Island Car Crash
Two British men have tragically lost their lives following a single-vehicle crash on South Australia's Kangaroo Island. The fatal incident occurred on the Playford Highway, casting a shadow over the popular tourist destination.
UK Couple's Honest Verdict on Life in Australia
A British couple reveals the incredible highs and surprising lows of swapping their life in the UK for a new start in Australia, sharing their honest journey and the one thing they desperately miss.
US Inflation Outpaces Wages, Census Data Reveals
Fresh US Census data reveals a concerning economic trend: while median household income has dipped, inflation continues to erode purchasing power, creating a financial strain for American families.
London's Food Inflation Soars to 9.6%, Outpacing UK Average
Exclusive data reveals London's food inflation is significantly higher than the UK average, with major supermarkets facing accusations of profiteering. Discover which boroughs are hardest hit and why.
Crane Operator Job Ad Offering £3,000/Week Goes Viral
A job advertisement for a crane operator in Australia offering a staggering $6,000 AUD (£3,100) per week has gone viral, sparking a fierce debate about skilled labour shortages, wage inflation, and the cost of living crisis.
Indian Minister's 'Buy Australian Homes' Remark Sparks Fury
Indian Commerce Minister Piyush Goyal faces backlash after suggesting wealthy Indians could purchase Australian properties to ease pressure on the local housing market, a comment labelled 'tone-deaf' during a severe affordability crisis.
Nationwide 'March for Australia' Rallies Protest Immigration
Major cities across Australia witness significant demonstrations as the 'March for Australia' draws diverse crowds united in their criticism of current immigration levels and government policy.
Neo-Nazis Infiltrate Australian Anti-Immigration Rallies
Major Australian cities witness disturbing far-right presence at coordinated anti-immigration protests, raising serious security concerns and political backlash.
Major Anti-Immigration Protests Erupt Across Australian Cities
Thousands march in coordinated anti-immigration rallies across Australian cities, sparking counter-protests and raising concerns about social cohesion and border policy.
Australia expels Iranian Ambassador in major diplomatic move
Australia takes a decisive stand, declaring Iran's Ambassador persona non grata. Defence Minister Richard Marles navigates a packed parliamentary agenda in a week defined by high-stakes diplomacy and political scrutiny.
UK Summer Air Fares Soar Amid Inflation Surge
Official figures show a dramatic surge in UK air fares this summer, with prices skyrocketing due to persistent inflation and soaring jet fuel costs. Discover what's driving the increase and how it's affecting holidaymakers.
Crime boss Kazem Hamad ordered out of Australia after attack
Notorious crime figure Kazem Hamad is at the centre of an international incident after Australia orders him out following a suspected anti-Semitic assault. The Iranian-born boss, linked to a violent gang war, is suspected of a brutal attack on a Jewish ma
UK Food Inflation Crashes to 18-Month Low
In a major relief for households, UK food inflation has dropped to its lowest level since January 2023. We break down which grocery prices are falling fastest and what it means for your weekly shop.
Australia's drowning deaths hit 30-year high: 294 lives lost
New data reveals Australia's drowning deaths have hit a devastating three-decade high, with coastal incidents and rip currents claiming the most lives. Experts call for urgent action on water safety.
UK Retail Sales Crash Amid Soaring Inflation
New data reveals a sharp decline in UK retail sales, with like-for-like growth turning negative. Soaring food inflation and the cost-of-living crisis are forcing consumers to cut back severely on non-essential spending.
Boomers Thrive, Gen Z Struggles in Australian Cost Crisis
Exclusive analysis reveals a stark generational wealth gap in Australia. Baby Boomers' finances remain robust, while younger Australians face unprecedented economic pressure from soaring rents and inflation.
Chalmers' 3-Year Race Against Australia's Living Standards Crisis
Exclusive analysis reveals Treasurer Jim Chalmers has a narrow three-year window to reverse Australia's deepening cost-of-living crisis before voter patience runs out. Can he deliver?
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