The Bank of England keeps interest rates at 0.5%
The Bank of England has decided to hold interest rates at 0.5%. The Bank of England has kept its interest rate at this record low since 5 March 2009.…
An end to contracting out
From 6 April 2012 the Government will remove the option to contract out of the State Second Pension (S2P, formally known as SERPS). This change will affect everyone who is currently contracted out into non-final salary pensions (commonly known as …
UK inflation rate falls to 3.6% in January
The Consumer Prices Index (CPI) measure of inflation fell to 3.6% in January, down from 4.2% in December, according to the Office for National Statistics.
The Retail Prices Index (RPI) fell to 3.9% from 4.8%.…
UK inflation drops to 5% in October
The Consumer Price Index (CPI), the government’s preferred measure of inflation, stood at 5% in October 2011, down from 5.2% in September – a bigger fall than expected.
Some experts are now predicting the Bank of England’s long-held belief that …
Inflation hits new highs, what does this mean for savers?
With the Bank of England base rate set at 0.5% it is difficult to get high returns form cash at the moment. To retain the purchasing power of your money you need to ensure that the return you are receiving …