Smaller chocolate bar helps push up Inflation, causing more hardship for savers

New figures from the Office for National Statistics (ONS) have shown that the rate of inflation in the UK jumped sharply last month. The Consumer Prices Index (CPI) rose from 2.2% in September to 2.7% on October, whilst the Retail Prices Index (RPI), which includes the cost of housing, rose from 2.6% to 3.2%. Whilst the government described the figures as “disappointing” they perhaps offer an explanation as to why the Bank of England did not increase the size of the existing Quantitative Easing (QE) program at least week’s meeting of the Monetary Policy Committee (MPC). The Bank of England is charged with ...

University fees could skyrocket under university funding board review

English universities should be allowed to charge students with unlimited fees, according to the suggestions made by a university funding board led by Lord Browne. The review has recommended that the £3,290 cap on fees should be removed and a new model of charges should be introduced, which could reach heights of £12,000 a year. Just as the current system operates, students would receive a loan to pay for the annual fees. Lord Browne said if the plans were to go ahead students would be "paying the same interest rate as the government uses to borrow. They will only pay it back when their earnings go above £21,000".