Good news for client accounts
Well as expected, the Bank of England increased rates by the ‘biggest amount in 27 years’. It’s a tad disingenuous to say that 0.5% is ‘that’ but there we have it. And now headline inflation hits 10.1%, so I suppose in traditional economic terms the BOE will increase rates again (whether it is the...
Economy chokes on the ‘pig’ of inflation
There is a colossal ‘pig in the python’ at the moment as the UK is experiencing its highest rate of inflation in 30 years.
The Office for National Statistics has announced that rates rose to seven per cent in March, leaving households faced with increased prices for food, fuel, energy bills – pretty much everything.
Unfortunately,...