• UK inflation rises to 9.1%, its highest rate in 40 years – The Guardian
• UK Inflation Hits New 40-Year High Of 9.1% In May, Highest In G7 – Reuters
• Panic buying: People in Kaliningrad empty shelves amid EU’s transit sanctions – LRT
• Bulgarian PM Petkov’s government loses no-confidence vote guiding the country into another election cycle. – Politico
• Commission president calls to end unanimity in EU foreign policy decisions – Politico
• Polish official: Europe can’t defend itself without the U.S. – AP News
• Brexit has made UK less competitive and will make workers poorer over next decade, report says. – Euro News

Asia:

• Sri Lankan economy has ‘completely collapsed’, leader says – Sky
• Sri Lankan leader says economy has ‘collapsed,’ unable to buy oil – NBC News
• Sri Lanka bets on casino magnate to revive wrecked economy – Yahoo
• China Evergrande Handed Delisting Deadline by HK Exchange – Asia Financial
• Sri Lanka prime minister says economy ‘has completely collapsed’ – PBS
• China budget deficit hits record high amid tax rebates, Covid pain – Business Insider

Trans-Tasman:

• Housing crisis: Lack of affordable housing set to cost Australia $25b a year – The SMH
• If Australia wants a reliable and affordable electricity grid, it needs to return it to public hands – The Guardian
• They’re not shivering in Honkers: Australians’ electricity pain is two billionaires’ gain – Michael West
• NSW Premier orders review into Barilaro’s plum US trade job – ABC
• The RBA boss has a message, but you might not like it if you have a job – ABC
• Public servant who rorted $27 million started scam two days into job, corruption probe told – ABC
• As fixed mortgages end and rates rise, many risk losing their homes – ABC
• Avocados dumped amid glut in domestic supply and imports from overseas – ABC
• The national electricity market is a failed 1990s experiment. It’s time the grid returned to public hands – The Conversation
• ASB’s rate hikes use ANZ as cover – Interest.co.nz
• It’s the worst year for first home buyers since 1957, Infometrics argues – Interest.co.nz

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Unconventional Economist

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also Chief Economist and co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.

Latest posts by Unconventional Economist (see all)

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