What Does Inflation Mean For Your Savings?
Recent figures released by the Office for National Statistics showed that UK inflation increased to 1.9% in February from 1.8% the previous month. While most of us have a basic understanding of the effects of inflation on the cost of living, what does it mean for the value of your savings?
What is the Future of Alternative Finance?
Despite a good deal of initial scepticism, alternative finance (alt finance) has very much established itself as part of the mainstream financial architecture. What started as a niche concept can no longer be ignored, as various alternatives to traditional finance and currency become ever more prominent. Alt finance today represents a pretty broad church of different technologies and competing products, encompassing everything from crowdfunding to Bitcoin, while also including a variety of new lending platforms.
What Impact will Brexit Have on Economic Conditions?
It has been pretty much impossible to avoid the ongoing Brexit saga over the last couple of years, but this most turbulent and contentious of issues may finally be drawing to a close. Or not, as the case may be! Prime Minister Theresa May has yet to negotiate exit conditions that will satisfy parliament, but what will the economic consequences of Brexit be for Britain?
Bank Rate Held by Monetary Policy Committee as Brexit Uncertainty Looms
The Bank of England's Monetary Policy Committee met in the middle of December, and offered little Christmas cheer for savers. As was widely expected, the committee unanimously decided to freeze interest rates at the 0.75% Bank Rate that has now been in place for a few months.
We are now in the late-cycle market … and this is what PIMCO says
PIMCO, one of the biggest fund managers in the world with more than $1.7 trillion assets under management in December 2017, have recently published their 2018 Asset Allocation Outlook and believe that the US economy is now in the late business cycle (i.e. late in the expansion phase)...
Economists predict no base rate rise for at least a year
Several top economists have predicted that we won’t see a rise in the Bank of England’s base rate (set at 0.25% since August 2016) for at least another year. Some think we could be well into 2019 before the BoE is ready to make a change.
Identity fraud in the UK has reached ‘epidemic’ levels
Fraud prevention service Cifas reported in August that nearly 500 identities are being stolen per day in the UK. This could be a conservative figure, as...
Inflation reaches 2.9% and hits savers where it hurts
The latest Consumer Prices Index stats show that the rate of inflation rose to 2.9% in August 2017. With no savings accounts on the UK market currently meeting...
UK Tax Levels Reach 30-Year High As Proportion Of National Income
As a proportion of national income, the level of tax in the UK has reached the highest level for 30 years, a respected think tank has found.