High inflation, low investment trust discounts and equity release v downsizing - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Inflation expected to jump to a five-year high In the coming days, predicts this Mail on Sunday article, official figures will show inflation rose to a five-year high in October, which will mean Bank of England governor Mark Carney having to pen a letter to the Chancellor of the Exchequer to explain why the central bank has missed its standing 2% inflation target by more than one percentage point. The five-year high of 3.1% the article foreshadows would hurt consumers and savers alike as pay growth fails to keep up with the Consumer Price index and savers struggle that little bit more ...
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