Middle-Class Squeeze Spending as Credit Card Debt Rises, Fed Says
The Fed's Beige Book reveals middle-class Americans are tightening spending amid rising credit card use and fewer retail visits, driven by the Iran war's impact on energy costs.
Category : Inflation
HSBC ISA Transfer Delays Leave Customers Waiting Weeks
HSBC customers face weeks-long delays for ISA transfers due to high demand after the bank launched a new switching deal offering cashback of up to £500.
Single Person May Need £500k for Comfortable Retirement
A single person could need up to half a million pounds in pension savings for a moderate retirement lifestyle, according to industry calculations from Pensions UK.
Bank Governor Rejects Raising Inflation Target to 3%
Bank of England Governor Andrew Bailey opposes raising the inflation target, citing Middle East conflict as cause for current overshoot.
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Inheritance Tax on Pensions: Families Must Track Funds
From April 2027, pensions will be included in estates for Inheritance Tax, with families responsible for locating funds. New rules clarify reporting duties.
Premium Bonds: £270 Investment Wins £100,000
A Premium Bonds holder with only £270 invested won £100,000 in the June 2026 draw. The odds of winning are improving as the prize fund rate rises to 3.8%.
Inflation Forces Gen Z and Millennials to Abandon Brands
Inflation is driving Gen Z and millennials to drop loyal brands, with 61% switching due to price hikes. Discount retailers gain as younger shoppers prioritize value over brand names.
Emilia Clarke Denies Game of Thrones Salary Rumours (31.05.2026)
Emilia Clarke clarifies that Game of Thrones cast did not earn $300,000 per episode as rumoured, though she paid off her parents' mortgage. She also reflects on fame and Emmy losses.
PSG Favourites Over Arsenal in UCL Final Odds
Paris St-Germain are slight favourites over Arsenal in the Champions League final. Compare match odds, outright winner prices, and responsible gambling tips.
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BOE's Bailey: No Rush to Raise Rates Amid Iran War Uncertainty
Bank of England Governor Andrew Bailey says there is no urgency to raise interest rates due to Iran war uncertainty and weak UK growth, tolerating above-target inflation temporarily.
Martin Lewis' Condensation Advice Works Wonders
Sophie Law tried Martin Lewis' dehumidifier advice and now wakes to dry windows, less damp, and faster laundry drying. See the results.
7 Million More Pay Income Tax: How to Reduce Your Bill
Frozen tax thresholds have dragged 7 million more people into income tax. Learn how to cut your tax bill with pensions, ISAs, and gifts.
Married Couples Can Cut Tax by £1,260
Married couples can reduce their tax bill by up to £252 per year using the marriage tax allowance, transferring £1,260 of personal allowance to a spouse.
US Inflation Hits Three-Year High as Energy Costs Spread
US inflation hit a three-year high in April 2026, with core PCE rising 3.3%. Energy prices are spreading through the economy, complicating the Fed's next moves under new Chair Kevin Warsh.
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US Grocery Prices to Surge Amid Extreme Weather and Tariffs
American shoppers face another painful round of food inflation as extreme weather, shrinking cattle supplies, and tariffs drive prices up. Economists warn relief may not come soon.
US Inflation Gauge Hits Three-Year High on Gas, Food Costs
A key US inflation gauge accelerated to 3.8% in April, the highest in three years, driven by surging gas and food prices, squeezing American finances and complicating Fed policy.
61% of Americans Change Grocery Lists Amid Rising Costs
A new CNN poll reveals 61% of Americans have altered grocery lists due to high prices, with 59% cutting entertainment and 44% reducing driving. Economic confidence hits four-month low.
UK households face rising costs from Iran war energy impact
UK households face rising energy bills, petrol prices, and food costs due to Trump's Iran war. Ofgem announces 13% energy price cap increase from July, with further rises expected in October.
UK Grocery Inflation Eases to 3.1% in May
UK grocery price inflation fell to 3.1% in May from 3.8% in April, with shoppers relying more on promotions. Ocado saw 10.2% sales growth, while Lidl hit a record 8.6% market share.
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Australia Inflation Eases to 4.2% but Rate Hike Risk Remains
Australia's inflation slowed to 4.2% in April due to fuel excise relief, but economists warn the RBA may still raise rates later this year amid persistent price pressures.
Man Utd Edge Closer to First Summer Signing Ederson
Manchester United are closing in on Atalanta midfielder Ederson as their first summer signing, with a £38.3m deal to replace Casemiro reportedly agreed.
Australia's Inflation Drops Sharply in April, Underlying Rise Concerns RBA
Australia's headline inflation fell to 4.2% in April, beating expectations, but underlying trimmed mean rose to 3.4%, worrying the Reserve Bank amid ongoing global supply disruptions.
US Consumer Confidence Dips on Gas Prices and Inflation
US consumer confidence fell in May as high gas prices and inflation outweighed record stock gains, with the Conference Board index slipping 0.7 points to 93.1.
Food Inflation Warning: Experts Say It's Here to Stay
Experts warn consumers to brace for prolonged inflation as Iran conflict drives up energy and transport costs, with furniture and health products already rising.
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UK Food Prices to Surge 50% by November, Report Warns
A new report warns UK food prices could be 50% higher by November 2026, driven by the Middle East crisis and El Nino, with prices rarely falling back fully after shocks.
Low-Income Drivers Risk Missing £830 Car Finance Payouts
Millions of drivers await £830 compensation, but low-income borrowers with small loans may be excluded due to FCA thresholds, analysis warns.
Inflation: Silent Threat to Retirees' Nest Eggs
Inflation surged to 3.8% in April, hitting retirees hard. Experts warn it erodes purchasing power, forcing higher withdrawals and threatening long-term savings.
US Gas Prices Unlikely to Normalize in 2026 Even if Iran War Ends
Experts warn that US gas prices won't return to prewar levels soon even if the Iran conflict ends, citing damaged infrastructure and supply chain issues.
Triple Lock Rise Could Push Pensioners Into Tax
Experts warn that the State Pension increase under the Triple Lock is narrowing the gap to the tax-free threshold, potentially pulling more retirees into income tax liability.
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Bad Credit Score: Experts Share Tips to Improve It
Financial experts explain what a bad credit score means, what transactions affect it, and how to improve your rating for better loan, mortgage, and even mobile phone deals.
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