UK inflation dips to 10.1% in March but remains stubbornly high

Consensus expectations of 9.8% were not met. UK inflation failed to fall to single digits in March, dipping to 10.1% from its surprise jump to 10.4% in February, according to data from the Office for National Statistics. The Consumer Prices Index came in higher than expected, with economists having predicted it would fall to 9.8%, although it remains down from …

Government confirms delay in bringing forward state pension age

The government will now delay making a decision until after the next general election. The government has confirmed today that it will not bring forward the date the state pension age will rise. At present, the state pension age is 66 and on current plans is set to rise to 67 by 2028 and to 68 between 2044 and 2046, …

Bank of England raises interest rates by 0.25% to 4.25%

The latest inflation data shows that CPI inflation re-accelerated to 10.4% in February. The Bank of England’s Monetary Policy Committee has voted 7-2 to increase Bank Rate by 0.25% to 4.25% – the 11th consecutive rise. This follows the latest inflation data which shows that CPI inflation re-accelerated to 10.4% in February, and the US Federal Reserve’s decision to hike rates by …

Inflation sees unexpected rise to 10.4%

February annual core inflation was 6.2% compared to 5.8% in January. The ONS has reported UK headline CPI inflation at an annual 10.4% for February, significantly higher than a Reuters survey consensus of 9.9% and a rise from the 10.1% recorded in January. In monthly terms, CPI was up 1.1% against a consensus of 0.6%, and compared to a fall …

VouchedFor’s 2023 Top Rated Financial Adviser Guide

David Bell, our Director and Financial Adviser, has been named as a VouchedFor ‘Top Rated Adviser’ for 2023. As decided by his clients. The list of top-rated adviser was recently distributed in The Times on Saturday 18th March 2023. What an accomplishment to be mentioned in such a prestigious newspaper! We are incredibly proud of David’s achievement, his commitment to …

Bank of England increases interest rates by 0.5% to 4%.

The Bank of England’s Monetary Policy Committee has voted 7-2 to increase Bank Rate by 0.5% to 4%. This is despite inflation slowing for a second consecutive month following the peak of 11.1% in October. Interest rates are now at their highest level since the 2008 financial crisis following 10 straight increases since December 2021. Two members voted to maintain …