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Why don’t my company pensions built up before 1988 rise with inflation? Steve Webb replies By Steve Webb for This Is Money Published: 08:24 GMT, 21 December 2020 | Updated: 08:24 GMT, 21 December 2020 I have two final salary pensions neither of which give me any annual uplift in respect of service (and thus … Read more
Inflation tumbles as shops rush to cut prices with cost of clothing and footwear seeing biggest decline in a decade By Lucy White For The Daily Mail Published: 21:54 GMT, 16 December 2020 | Updated: 21:54 GMT, 16 December 2020 The crisis on the High Street has sent inflation falling as retailers slash prices. It … Read more
Inflation drops to 0.3 per cent as clothing and food prices eased during blanket lockdown in England Headline CPI inflation rate dropped from 0.7 per cent in October to 0.3 per cent Clothing and food prices were the main factors behind the fall in November They were offset by rising costs of games, toys and … Read more
House price figures should be taken with a pinch of salt. The big name indices are based on a variety of different data sets, ranging from asking prices, to mortgages and actual transactions. Meanwhile, even the gold standard ONS / Land Registry’s sold prices report doesn’t capture what happens to the properties that don’t sell … Read more
The Treasury today handed investors and pensioners a reprieve by declining to phase out a flawed way of measuring inflation until 2030, but they still face a more than £100billion hit from the shake-up in the long run. The retail prices index measure of inflation will be altered in February 2030, saving the Government £2billion … Read more
Savings wipe out: Just TWO easy-access accounts now beat inflation and those with big banks could be losing £69 a year The Consumer Prices Index rose from 0.5% to 0.7% in October It means the number of inflation-matching deals has fallen to just 220 Easy-access savings accounts are at an all-time low of just 0.22% … Read more
BUSINESS LIVE: Inflation rises to 0.7%; RSA Insurance agrees takeover; Halfords profits more than double By This Is Money Published: 08:10 GMT, 18 November 2020 | Updated: 08:10 GMT, 18 November 2020 The FTSE 100 is expected to start the morning on the retreat as worries over the growing infection rate across Europe and the … Read more
CPI inflation creeps up to 0.7 per cent putting more pressure on families as prices of food and clothing rise The headline CPI inflation rate rose from 0.5 per cent to 0.7 per cent in October Clothing and food prices were the main cause of the increase, the ONS said The rise confounded the expectations … Read more
Why you must act NOW to lock down a top deal: A one or two-year fixed could help protect your cash from inflation By Sylvia Morris For The Daily Mail Published: 22:01 GMT, 17 November 2020 | Updated: 22:01 GMT, 17 November 2020 Savers are being urged to lock into a top-paying fixed-rate deal now … Read more
Train fares are set to spike above inflation at the start of 2021 with annual ticket costs predicted to soar by £80 on average. Commuters and frequent travellers have just weeks to buy their season tickets at 2020 prices before a 2.6 per cent rise is imposed, reports suggest. It would be the first time … Read more