MPs are on track for a 2.4% pay rise next year as Rishi Sunak warns striking unions over ‘unreasonable and unaffordable’ demands to match soaring inflation MPs look set for a 2.4 per cent pay rise in the spring, far below level of inflation Pay pegged to public sector but Ipsa will not confirm the … Read more
Even Bank of England staff reject pay rise offer despite Governor Andrew Bailey urging workers to exercise restraint Workers were urged to ‘do their bit’ to help curb inflation now at 11 per cent But trade unions at the Bank have rejected the offer of a three per cent pay rise Bank says it will … Read more
Homebuyers will save themselves $100 a month after mortgage rates experienced their largest weekly drop since 1981. The 30-year fixed rate fell to 6.6 percent in the wake of softening inflation. A week ago, the rate was over seven percent whereas 12 months ago, the rate for a 30-year fixed-rate was 3.1 percent. According to … Read more
Jeremy Hunt warned the UK must ‘pay our way’ today as he prepares to unveil ‘eye-watering’ austerity measures next week. The Chancellor said he will present a ‘plan which protects the most vulnerable’ in his Autumn Statement. But amid signs that public spending will increase by just 1 per cent from 2025 rather than 3.7 … Read more
Biden’s air rage: President says airlines forcing customers to pay for extra legroom is RACIST because it hits ‘marginalized Americans and people of color the most’ – as he cracks down on ‘excessive fees’ ‘Airlines if you want six more inches between you and the seat in front you pay more money, but you don’t … Read more
Faced with double-digit inflation, a cost-of-living crisis and soaring mortgage bills, anyone moving home this autumn will want to count the pennies. So, is a low-cost online estate agent just the ticket or a false economy? And is the tried-and-tested traditional High Street agent the most sensible way to sell in a difficult market? Operators … Read more
Now Labour is in disarray over pensions: Lisa Nandy refuses to commit to keeping ‘triple lock’ increase guarantee in place if party becomes government – but fellow frontbencher Jonathan Reynold says it WILL stay ‘no ifs, no buts’ Torr row over whether to break the link between state pension and inflation Shadow minister Lisa Nandy … Read more
Americans expect costs to RISE even more next year in sign that consumers are losing confidence that the Fed can tame soaring inflation, new survey shows UMich poll showed inflation expectations increased for first time since March Consumers expect inflation at 5.1% a year from now, up from 4.7% a month ago It’s a sign … Read more
Yet another U-turn! Liz Truss is set to back down over plans to squeeze benefits payments to calm warring MPs The Prime Minister hinted that real-terms spending cuts were on the way But Government sources suggested that the plan would be scaled back Truss said it was not fair to ask working people to fund hike for those … Read more
Foul! Football fans will have to fork out £870 to fill famous Panini sticker books amid soaring inflation (that’s more than a ticket to the World Cup final in Qatar) Collecting and trading Panini stickers is a much-loved part of the World Cup The price of a five-sticker pack has risen to 90p – up … Read more
Manchin joins Democrats slamming Biden’s student loan plan: Senator criticizes ‘excessive’ student loan forgiveness that could cost up to $1trillion and says borrowers should have to EARN their debt relief ‘I just think there’s a better way to do it,’ Manchin said Tuesday He joins other centrist Democrats who have criticized the plan Senate candidate … Read more
Woolworths RSPCA Chicken Mince 500g – was $6.50 each, now $6 each Moccona Instant Coffee 400G – was $26.00, now $20.00 KB’s Prawn Gyoza 1kg – was $22.70, now $17.00 Chobani Fit 170g – was $2.50, now $2.00 Mersey Valley Cheese 180g – was $7.50, now $6.00 Dilmah Premium Leaf Tea 50g – was $5.30, … Read more
Silver lining for some amid financial crisis as state pension is set to rise above £200 Millions of pensioners will receive a record breaking extra £1,000 per year The state pension ‘triple lock’ should shield older households from inflation It may ‘fuel debate about intergenerational fairness,’ says Tom Selby from AJ Bell By Fiona Parker, Money Mail … Read more