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The Latest Breaking News from Joe Nellis

Inflation hits 3.2%, highest since 2023: Are ECB rate hikes inevitable?

Eurozone inflation rose to 3.2% in May, the highest since 2023, driven by energy and services. Markets now see an ECB rate hike next week as done deal.

Five important reasons why people earning high salaries still feel financially squeezed

Five important reasons why people earning high salaries still feel financially squeezed

A bigger salary doesn’t lead to financial security if the result is increased personal spending and higher taxes

The Independent UK

ECB holds rates as inflation cools and economy stays resilient

ECB holds rates as inflation cools and economy stays resilient

The ECB held rates as eurozone inflation fell to 1.7% in January, its lowest since September 2024 and below the ECB’s 2% target. Core inflation eased to 2.2% as energy prices plunged.

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Eurozone inflation falls to ECB’s 2% target as price pressures ease

Inflation in the eurozone returned to the European Central Bank’s 2% target in December, offering reassurance to policymakers as price pressures continue to ease.

European bond yields are rising again, but inflation isn't to blame

European bond yields are rising despite stable inflation data as a surge in Japanese yields fuels global market repricing.

Eurozone GDP beats forecasts: Portugal emerges as growth leader

Eurozone gross domestic product rose 0.2% in the third quarter of 2025, compared to the previous quarter. Within member states, Portugal recorded the highest growth rate at 0.8%.

Young people are biggest victims of UK’s fragile jobs market

Firms too scared to take a chance on youngsters when taxes and minimum wages are higher, expert says

The Guardian - UK

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Pound slides after UK government borrowing jumps in August and insolvencies rise – as it happened

Pound slides after UK government borrowing jumps in August and insolvencies rise – as it happened

Rolling coverage of the latest economic and financial news, as August borrowing hits highest level since 2020

The Guardian - UK

Liberation Day for Trump as he ‘drops nuclear bomb on the global trading system’

Liberation Day for Trump as he ‘drops nuclear bomb on the global trading system’

US president unleashes a blitz of tariffs — but the UK gets off relatively lightly

Evening Standard

Inflation set to dip slightly as markets hope Bank of England interest rates have peaked

City experts expect the headline inflation rate to dip to 6.6%, the lowest rate since February 2022: the month Russia invaded Ukraine.

Evening Standard

Markets predict 6% UK interest rate by end of year

Markets predict 6% UK interest rate by end of year

Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage point

The Guardian - UK

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