MPs are in line for 7.1% pay rise to £92,700 in April – with tax-free daily allowance for peers set to hit £366 – after bumper public sector settlements

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 records biggest income decline in the developed world during Anthony Albanese’s prime ministership

Australian incomes are going backwards because of record-high immigration and surging mortgage rates as elevated inflation causes pay levels to drop. Since Prime Minister Anthony Albanese came to power, after-tax income for every household has fallen by 5.1 per cent – making it the worst plunge among developed nations.  Soaring inflation means workers are suffering a cut … Read more

These are the cheap things I buy that actually do an amazing job – even better than name brands

Australians are sharing the cheap buys they prefer over more expensive brands.  As increased inflation rates continue to put pressure on more Aussie households, shoppers are opting not to splash their cash on expensive products and are finding the budget alternatives work just as well or better.  Dozens shared their best cheap buys from $12 … Read more

What you should be investing in as interest rates appear to peak

By Tilly Armstrong Assistant Consumer Editor For Dailymail.Com Updated: 20:00 GMT, 7 November 2023 Interest rates may have reached their peak in the US, according to experts, which means investors may be thinking about how this could impact their portfolio – and how they can take advantage.  The Federal Reserve announced at its latest meeting … Read more

The scary graph showing why unemployment will have to rise and 138,000 people lose their job to control inflation

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

Indian summer failed to help shops as sales slid 0.9% in September with Brits cutting back on spending amid cost-of-living crisis

By James Tapsfield, Political Editor For Mailonline Published: 08:10 BST, 20 October 2023 | Updated: 08:34 BST, 20 October 2023 The Indian summer failed to help shops last month as Brits cut back on spending amid the cost-of-living crisis.  Retail sales slid by 0.9 per cent in September, much worse than analysts had expected and … Read more

No10 hints state pension hike could be downgraded from 8.5% to save Treasury £900m – with benefits also in the firing line

By James Tapsfield, Political Editor For Mailonline Published: 14:31 BST, 18 October 2023 | Updated: 16:34 BST, 18 October 2023 No10 dropped a heavy hint today that the state pension rise could be downgraded – with benefits also in the firing line. The ‘triple lock’ mechanism would in theory push up the retirement payments by … Read more

OAPs in line for 8.5% rise in April under ‘triple lock’ after earnings figures are confirmed… but hike could still be downgraded to save Treasury £900m

OAPs in line for 8.5% rise in April under ‘triple lock’ after earnings figures are confirmed… but hike could still be downgraded to save Treasury £900m By James Tapsfield, Political Editor For Mailonline Published: 14:17 BST, 17 October 2023 | Updated: 17:18 BST, 17 October 2023 The state pension is in line for an 8.5 … Read more

Rise of ‘girl math’ and ‘boy math’: Gen-Z shoppers think using cash doesn’t count as spending, that anything under $5 is effectively FREE and that riding a $400 bike 400 times means it only costs a dollar

The new phenomena of ‘girl’ and ‘boy’ math is taking TikTok by storm as Gen Z shoppers bizarrely claim using cash doesn’t count as spending money and anything under $5 is effectively free.  Consumers are sharing their often illogical justifications for making purchasing under the hashtags. In dozens of videos, people find ways to convince themselves … Read more

Mortgage rates hit 7.5% for the first time since 2000 as house sales tumble to multi-decade low

Mortgage rates hit 7.5% for the first time since 2000 as house sales tumble to multi-decade low 30-year mortgage rates increased throughout September ending at 7.53 percent Rates will likely remain high as the Fed indicated interest rates will rise again Home sellers are slashing prices as sales were at their lowest levels since 1995  By … Read more

America’s red-hot labor market FINALLY starts to cool: Private firms added 89,000 jobs in September -the slowest pace of growth since 2021

America’s red-hot labor market FINALLY starts to cool: Private firms added 89,000 jobs in September -the slowest pace of growth since 2021  Private employers added just 89,000 jobs in September, new report shows Figures fall well below economist’s predictions of 160,000 Red-hot labor market has been repeatedly blamed for keeping inflation high  By Helena Kelly … Read more

Aussie sparks debate after claiming $200k is the new $100k as the cost of living continues to soar

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

Fed holds steady on interest rates but hints a further hike could be on the way this year – what does it mean for YOUR pocket?

The Federal Reserve has held interest rates steady – keeping benchmark borrowing costs between 5.25 and 5.5 percent.  The much-anticipated decision is the second time in six policy meetings this year that the central bank has not raised rates, slowing the pace of increases to allow time to assess the impact of its aggressive drive to … Read more