By James Tapsfield, Political Editor For Mailonline Published: 09:03 GMT, 18 December 2023 | Updated: 10:26 GMT, 18 December 2023 MPs are in line for a 7.1 per cent pay rise in April after a series of bumper public sector settlements. The metric usually used to set politicians’ salaries would see them rise by more … Read more
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
An Australian worker has sparked debate on social media after claiming the aspirational middle class salary has doubled from $100,000 to $200,000 a year. The Melbourne resident took to social media this week saying: ‘Working in my 20s it was all about trying to create a pathway to a $100k salary’. ‘It felt like that … Read more
Ministers have warned the state pension triple lock is ‘not sustainable in the long term’ after surging wages put OAPs on track for a bumper rise next year. Under the triple lock, the payouts go up in April by the highest out of average earnings, CPI inflation or 2.5 per cent. The pay number for … Read more
The cost of low-fat milk rose by 45% last year – more than any other household item in the 12 months leading up to January. The rise in the cost of living eased in January by more than experts had expected, hinting at a sliver of good news amid the UK’s ongoing economic problems. Data … Read more
Inflation in the US slowed down once again last month, rising at an annual rate of 6.5 percent in a sign of relief for struggling families and businesses. The Labor Department’s Thursday report on the consumer price index showed that prices for energy and many goods moderated or even declined in December, while prices for food, services and … Read more
Inflation surges AGAIN in the first Australian figures to be released in 2023 – with the cost of living spiking 7.3 per cent despite interest rate hikes By Poppy Johnston For Australian Associated Press Published: 05:11 GMT, 11 January 2023 | Updated: 05:11 GMT, 11 January 2023 Inflation surged back to 7.3 per cent in … Read more
President Joe Biden said Tuesday that he hoped inflation would be under control by the end of next year, but told reporters he couldn’t make any guarantees. In answer to a question about when he expected prices to get back to normal, he replied: ‘I hope by the end of next year we’ll be much … Read more
Red alert on public finances: Interest bill for UK’s £2.4tn debt mountain more than DOUBLES in June to £19.4bn – the highest for a single month since records began in 1997 – as inflation soars Interest costs on UK’s £2.4trillion debt mountain hit £19.4billion in June It was the highest on record for a single … Read more