Rising Inflation Highlights Need for Careful Money Management
The UK inflation rate rose for the first time in ten months during April, pushed up by higher fares for travel and the cost of fuel. The Consumer Price Index rose to 1.8% in April according to the Office for National Statistics – up from 1.6% the previous month. According to the ONS, the timing […]
UK Inflation Falls to Four Year Low
Inflation in the UK fell to 1.7% in February according to the Consumer Prices Index, easing pressure on living standards and dropping below the Bank of England’s target. It marks the second consecutive month that a drop has occurred, with the figure at 1.9% in January, and a fall in petrol prices has been identified […]
Is it a Good Time to be a Saver in the UK?
So far in 2013, many savers will have kept a close eye on the gradual fall in the rate of inflation and considered what it might mean for their precious funds. November saw rates reach 2.1%, down from 2.7% in January and ever so slightly nearer to the government’s target of 2%. However, it has […]