Inflation’s spell below the Bank of England’s 2 per cent target has been brief and the latest CPI figure came in at a higher than expected 2.3 per cent.
Meanwhile, Bank of England boss Andrew Bailey has joined the Office of Budget Responsibility in stating that the recent Autumn Budget is likely to lift inflation, as employers face higher costs from national insurance and the rising minimum wage.
On the other side of the Atlantic, President-elect Donald Trump is seen as bringing his own inflationary pressure, which could spread from the US to the rest of the world.
So what does this mean for interest rates? Are cuts about to stall – and what happens next for borrowers and savers?
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On this week’s podcast, Georgie Frost, Helen Crane and Simon Lambert, talk inflation, rates, mortgages and savings.
The team also look at whether those needing to get a mortgage now should fix for two or five years.
Plus, why the row over inheritance tax and farmers is symptomatic of Britain’s bad tax system – and Simon’s plan for a trade-off on IHT-free land.
Crane goes on the case of money refunded ffor a faulty coffee machine much later to an empty gift voucher that had understandably gone in the bin.
And finally, the listener question of the week is up and running, and it’s one on sticking it to the man and having enough money to quit work for good.
