The UK inflation rate dropped to 1.9% in January, marking the first time it has fallen below the Bank of England's target of 2% since November 2009.
It is "not unreasonable" for investors to anticipate a 2% base rate as early as 2016, but increasing rates is still considered a last resort to tame the housing market, according to Bank of England policymaker David Miles.
Venture capitalist Octopus Investments has launched a tax planning microsite for advisers to help address clients' needs in the run up to tax year end.
Three former members of the Bank of England's rate-setting Monetary Policy Committee (MPC) have suggested interest rates could rise sooner than expected.
A higher threshold for income tax will be the Liberal Democrats' top priority at next month's Budget, deputy Prime Minster Nick Clegg will say today.
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Chief secretary to the Treasury - and Liberal Democrat - Danny Alexander has ruled out a further cut to the top rate of income tax before next year's general election.