The price of residing is rising at its quickest tempo for 40 years and economists warn costs will enhance additional this autumn — with some fearing that annual inflation might hit 15 per cent.
On this week’s episode, presenter Claer Barrett hears how the hovering value of gas, power payments and meals is inflicting podcast listeners to chop again in different areas to steadiness their budgets.
As extra employees threaten to strike until their pay retains tempo with inflation, what are your probabilities of getting a raise — and the way else might the massive squeeze have an effect on your financial savings, investments and the property market?
Chris Giles, the FT’s economics editor, explains what’s inflicting the value rises and, in flip, why that is pushing up rates of interest — and the way efficient this may be in getting inflation below management.
Sarah Coles, senior private finance analyst at Hargreaves Lansdown, notes how all of those pressures are being mirrored on world inventory markets, in addition to taking a look at methods individuals are taking with money financial savings and mortgages.
And with speak of tax cuts dominating the race to be Britain’s subsequent prime minister, how might larger inflation stealthily enhance the quantity of tax we’re paying — to not point out pupil mortgage repayments?
If you want to be a future visitor on Cash Clinic, e mail the staff through [email protected] or ship Claer a DM on social media — she’s @Claerb on Twitter, Instagram and TikTok.
