UK inflation shock: This is really grim
Craig TaylorInvestors are now questioning whether the Bank is in full command over soaring prices. BBC News – Business
Business
Rent: ‘We’ve got £1,750 a month and can’t find anywhere’
Tenants are spending 28% of their earnings on rent, the biggest proportion for a decade, new figures show. BBC News – Business
Mortgage help ‘under review’, says Michael Gove
Michael Gove was asked about what whether any help would be given to those struggling with payments. BBC News – Business
Whistleblowing banker who went to prison speaks out
Peter Johnson, who was jailed for “rigging” interest rates, speaks publicly for the first time since being released in 2018. BBC News – Business
iPhone maker Foxconn to switch to cars as US-China ties sour
Foxconn, which makes over half of the world’s Apple products, seeks its next big growth driver. BBC News – Business
US holds interest rates steady in first since 2022
But the Federal Reserve also said it expected to push rates higher before the end of the year. BBC News – Business