Inflation
Interest rates are finally rising for savers, but inflation can still reduce value in real terms
As interest rates start to rise for the first time in more than a decade, a report suggests that savers are pulling their money out of investments in favour of cash accounts. But while the interest rate may be higher now, inflation can still reduce the value of your savings in real terms. Find out…
Read MoreInflation: What happened the last time the cost of living was rising this rapidly?
The cost of living is rising quicker than has been normal in the last few decades. Indeed, the last time inflation was this high was in the 1980s. So, what happened then compared to now? According to the Office for National Statistics (ONS), inflation in the 12 months to June 2022 was 9.4%. As a…
Read More