The Metro says Brits face a further squeeze on their household incomes after the rate of inflation rose to another 30-year high.
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The Independent says household saving is expected to fall by 71% on last year to an average of £26 a week as inflationary pressures drastically reduce families’ ability to put money away, figures suggest.
The Guardian says households in Britain have come under renewed pressure from the soaring cost of living after the official inflation rate reached 7% last month amid a record increase in petrol and diesel prices.
The Independent says retail sales growth slowed significantly last month as consumer confidence “continued to sink” amid the cost of living crisis, new research has revealed.
Arab News says PM Mario Draghi announced a deal on Monday to boost gas deliveries from energy heavyweight Algeria, as he steps up efforts to reduce Rome’s heavy reliance on Russian imports.
The Sun says MILLIONS of families and pensioners will get a pay rise from today as benefit rates go up.
The Guardian says Ukraine’s economy is on course to contract by almost half this year as the Russian invasion and the impact of a “deep humanitarian crisis” takes its toll, the World Bank has said.
The Guardian says Elon Musk, Twitter’s biggest shareholder, has decided not to join the social media company’s board, its chief executive Parag Agrawal has said.
The Guardian says pensioners and benefits claimants will see the value of their payments fall to the lowest point in 50 years on Monday, anti-poverty campaigners have said, as Britons grapple with the worst cost of living crisis since 1972.
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The Independent says months after her birth in April 1980, Akshata Murthy’s ambitious parents left her in the care of her paternal grandparents to build a better life for their young family hundreds of miles away in Mumbai.
BBC News says up to eight more nuclear reactors could be built on existing sites as part of the UK’s new energy strategy.
BBC News says the burden of tax falling on workers and employers has increased as a hotly-debated rise in National Insurance payments takes effect.
TRT World says Elon Musk is joining Twitter’s board of directors a day after disclosing that the Tesla CEO took a 9 percent stake in the social media platform.
The Guardian says EasyJet cancelled more than 200 flights over the weekend with disruption expected to last into this week, leaving some passengers stranded amid travel chaos.
Sky News says the UK economy grew at a rate of 1.3% in the last three months of 2021, a faster pace than first thought and bringing GDP to just below pre-pandemic levels.
The Guardian says UK house prices grew at the fastest annual pace since 2004 in March, continuing the ascent to new record levels – a fifth higher than at the start of the coronavirus pandemic.
The Independent says the UK economy grew at a faster pace than first thought in the final three months of 2021 despite the spread of the Omicron variant of coronavirus, according to official figures.
The Guardian says the UK’s poorest families will see the amount of spare cash at their disposal drop by a fifth this year with £850 less to spend on non-essentials as shop prices hit a decade high.
Euronews says Spain is readying a package of emergency economic measures worth €6 billion in direct aid and tax breaks and €10 billion in loans for families and businesses.
BBC News says ministers plan to force all ferry operators operating from UK ports pay at least the National Minimum Wage, in a bid to persuade P&O Ferries to reinstate 800 workers it has sacked.
The Guardian says Rishi Sunak has sought to defend his mini-budget against accusations he failed to shield Britain’s poorest families from the worst hit to living standards in six decades.
BBC News says Chancellor Rishi Sunak has set out measures aimed at combating soaring energy, food and fuel prices, in his Spring Statement – resisting calls to scrap April’s National Insurance hike.
The Guardian says Britain’s annual inflation rate rose to 6.2% in February and now stands at its highest level in three decades.