Inflation remains stable

Inflation remains stableFollowing a sharp rise in October, new figures have shown that inflation, as measured by the Consumer Prices Index (CPI), remained unchanged in November at 2.70%. The Retail Prices Index (RPI) actually fell, from 3.2% in October to 3% in November. However, if economists are right this short period of stability could soon come to an end. Falling prices Lower prices on a wide range of goods, including fuel, plane tickets, beer and carpets helped to keep inflation in check during November. However, many economists and financial experts believe that ...

Pensions: New pension threat on the horizon?

Speculation grew in the media today that the Chancellor, George Osborne, is planning yet another change to pension’s legislation which could affect thousands of people’s retirement planning. In his effort to reduce spending and raise additional revenue it seems as though Mr Osborne is once again looking at reducing the tax breaks offered to those people carefully planning for their retirement. Pension contributions attract tax relief, making them an attractive option for investors but costing the Treasury around £20 billion last year, making it an obvious target....

Talking ’bout my generation? Financial tips for thirtysomethings

In the latest part of our regular series, we offer our top tips to each generation for dealing with the financial crisis, this month we look at the problems facing thirtysomethings. Your 30’s traditionally the decade of your life when you raise a family, move on from your starter home, and start thinking about pensions, life insurance and other ‘sensible’ financial planning. Has the credit crunch and subsequent financial crisis changed that? Probably not, if you were already on the housing ladder when the full effects of the financial crisis struck. But definitely if you are still looking to buy your first ...

Sharp fall in the rate of inflation

Figures released today by the Office for National Statistics have shown a sharp fall in the rate of inflation. The Consumer Prices Index (CPI) fell by 0.5% in April to 3%, whilst there was a smaller fall in the Retail Prices Index (RPI) which dropped by 0.1% to 3.5%.   The falls take inflation to its lowest level for two years and is being seen by some financial experts as part of a downward trend since September 2011 when CPI stood at 5.2% and RPI was 5.8%....