The Bank of England's fantasy forecast of a decline in annual CPI inflation to about 1% in early 2011 looks even less credible in the wake of March numbers showing an unexpectedly large rise from 3% to 3.4%.
Inflation rose to 3.4% in March, according to the Office for National Statistics.
Tax on pension contributions could affect those currently earning £100,000 a year by 2020, Towers Watson has warned.
Inflation fell back to 3% in February after a sharp spike at the beginning of the year.
The Office for National Statistics (ONS) is changing the way in which it calculates Retail Price Inflation (RPI) in an attempt to reflect the cost of housing more realistically.
Investors should turn to commodities underpinned by the emerging economies to shelter from an inflation storm set to hit the UK, says the manager of the Fidelity Global Real Assets fund.
The US economy grew 5.9% in the fourth quarter of 2009, up from 2.2% in the previous three months, revised GDP figures show.
Robert Bowes goes through the issues advisers need to take into account if they are wishing to move into the equity release market
Stewart Cowley, head of fixed income at Old Mutual Asset Managers (UK), on the outlook for inflation in 2010.
Boosting economic growth is more important than controlling inflation, advisers say.