Inflation

Financial services firm True Potential says the Budget has underlined the ineffectiveness of cash savings.

UK CPI inflation rose from 2.7% to 2.8% in February as rising energy prices pushed the reading to its highest level since May of last year.

Income is the dominant theme among investors at the moment, with the focus on UK equity income spreading to other areas including Asia and emerging markets, according to Adrian Lowcock, senior investment manager at Hargreaves Lansdown.

MULTI-ASSET

The Bank of England's Monetary Policy Committee will tolerate missing the inflation target for the next two years in order to support the UK recovery, said Bank governor Mervyn King.

UK CPI inflation stood at 2.7% for the fourth consecutive month in January, but fears over longer-term forecasts sent sterling to a six month low in early trading.

The Bank of England's Monetary Policy Committee (MPC) has said inflation may remain above the 2% target for the next two years, in part due to sterling weakness.

FIVE THINGS

The outgoing governor of the Bank of England (BoE), Mervyn King, has said it may be time to review the UK's inflation target, but rejected a suggestion by his successor that central bankers should abandon inflation targeting altogether in times of economic...

INFLATION