Pension & savings to be affected as inflation doubles but ‘hope’ remains on lockdown rules
PENSION schemes can be impacted by inflationary changes and today, the Office for National Statistics released their latest inflation figures. The Consumer Price Index rose in December and this will impact the economy and retirees across the UK. Daily Express :: Finance Feed
Middle class tax raid as Rishi Sunak’s inflation changes set to cost retirees over £100bn
PENSION schemes are set to be hit hard by reported inflation related changes from the Chancellor. Rishi Sunak is set to reveal a spending review which will outline how the government plans to cover costs and spending in the coming months. Daily Express :: Finance Feed
State pension: Triple lock to be updated from tomorrow as inflation figures are released
STATE pension payments are guaranteed to increase every year under triple lock rules. The increases are focused around UK inflation and earning figures and retirees will soon get further insight into how their income will increase in the coming year. Daily Express :: Finance Feed
Martin Lewis issues urgent warning on ‘above inflation’ price hikes – will you pay more?
MARTIN LEWIS has issued an urgent warning on incoming price hikes which could affect millions of customers. In early 2021, one of the UK’s biggest telecom companies will be raising their prices but the Money Saving Expert explained some customers may be able to take action to mitigate the costs. Daily Express :: Finance Feed
State pension: Experts warn that inflation figures could put triple lock under threat
STATE pension payments under current rules are guaranteed to increase every year. The triple lock system ensures that pensions will rise either in line with inflation figures, average earnings growth or 2.5 percent. Daily Express :: Finance Feed
State pension: Inflation drops to three-year low in major boost for pensioners
STATE PENSION: The rate of CPI inflation has dropped to its lowest since November 2016, the Office for National Statistics has said today. Commenting on the news, it has been suggested that this could be “good news” for those claiming the state pension. Daily Express :: Finance Feed
Pound US Dollar GBP/USD exchange rate slides despite US inflation slumping to 8-month low
The pound slumped against the US dollar this afternoon with the pairing currently trading at around $ 1.220. The dollar continued to rise against the pound today despite data revealing US producer prices suffered their largest decline in eight months. Daily Express :: Finance Feed
Pound euro exchange rate: GBP/EUR eases despite Eurozone inflation hitting a two-year low
The pound euro exchange rate eased to €1.0916 today despite Eurozone inflation falling to its weakest point in more than two years. The July report showed the year-on-year figure dropped from 1.3 percent to 1 percent. Analysts at Bloomberg commented: “The report adds to negative data over the past weeks that may convince [European Central […]
Pound US dollar exchange rate: GBP/USD steady, UK inflation beats Bank of England’s target
THE pound US dollar exchange rate is holding steady, with the pairing fluctuating around $ 1.205. UK inflation figures for July beat forecasts, rising from 2.0 percent to 2.1 percent – overshooting the Bank of England’s 2 percent target. Daily Express :: Finance Feed
ECB warned: Draghi must act ‘quick’ as German inflation disappoints
THE European Central Bank has been warned it must be “quick on its toes” to adapt policies or risk leaving European Union economies dented from trade spats and political tension. Daily Express :: Finance Feed