Conservative MPs are privately warning Chancellor Jeremy Hunt that he needs to intervene with the Bank of England or he will fail to deliver on the Government’s key pledge to halve inflation. Senior Tories have told Express.co.uk that the Bank of England
Jeremy Hunt has issued a warning in the Commons that homeowners should not expect any significant financial support to ease the growing hurt caused by the mortgage crisis. Despite people’s monthly home payments increasing by hundreds of pounds, the Chancellor warned a
Claims by a former Bank of England governor that Brexit has exacerbated Britain’s cost of living crisis have been dismissed as “obviously nonsense” by arch Brexiter Sir Jacob Rees-Mogg. The former Business Secretary lashed out at Mark Carney’s blaming of stubbornly high
A banker has held Beyoncé responsible for hindering the expected decrease in Swedish inflation due to a sudden surge in the cost of overnight hotel accommodations in and around Stockholm. The surge occurred as nearly 100,000 fans flocked to attend her two sold-out
Anahí Robledo, a dedicated domestic worker, runs a community kitchen in a poverty-stricken neighborhood on the outskirts of Buenos Aires, where she feeds 50 families every day. The kitchen is a lifeline for many families affected by the chronic inflation that has
British Prime Minister Rishi Sunak may look to forge closer economic ties with the U.S. during upcoming meetings with President Biden, appealing to their cooperation and close ties militarily. “Just as interoperability between our militaries has given us a battlefield advantage over
Higher than anticipated inflation figures that came out this week could mean that the Bank of England will potentially raise rates. Jeremy Hunt, Britain’s Treasury chief, said that he is prepared to further increase interest rates, even at the risk of sending
Jeremy Hunt has dashed hopes of tax cuts in the near future as he warned “the battle is far from over” on inflation. The Chancellor said it would be “wrong” to inflate the economy by slashing taxes while prices remain “worryingly high”.
The Bank of England has come in for fierce criticism from a senior economic commentator for allowing inflation to “run out of control”, after “disappointing” new figures showed that prices for essential items, like food, remain at eye-watering levels. New figures out
Experts from Wallethub are sharing which are the top 23 cities in the US where inflation is rising the most. Yesterday, the Consumer Price Index (CPI) rate of inflation for the 12 months to April 2023 eased slightly to 4.9 percent. This