The European Central Bank increases interest rates for first time in 11 years
The European Central Bank (ECB) has increased its benchmark interest rate to 0.0%. The rate was previously -0.5%.
As you can imagine, moving out of negative interest rates will be a massive boost to savers across Europe.
The move comes …
UK inflation hits 40-year high
The Consumer Prices Index (CPI) measure of inflation rose to 9.4% in June 2022, according to the Office for National Statistics.
CPI was 9% in April 2022 and 9.1% in May 2022. So, although inflation has hit a …
UK inflation rate rises to 9% in April 2022
The Consumer Prices Index (CPI) measure of inflation rose to 9% in April 2022, according to the Office for National Statistics. CPI was 7% in March 2022.
It is almost impossible to remember that CPI was as low …
Bank of England holds rates at 0.1%
The Bank of England has kept UK interest rates at 0.1%, but indicated future interest rate rises were likely. Interest rates have been at this level since March 2020.
The Bank of England’s Monetary Policy Committee (MPC), who set interest …
Budget 2021 – a date for your diary
Chancellor Rishi Sunak will deliver his budget to parliament on Wednesday 27th October 2021.
The budget sets out the government’s financial plan of action.
As always Farrell Financial Planning will provide updates on what effect the budget will have on …