Basic economic texts tell us that inflation is caused by an increase in demand and that inflation can be reduced if interest rates are increased, since the increase in the cost of borrowing will dampen the demand for ‘stuff’ and reduce the upward pressure on prices. The Bank of England seems to have read this part of the economics text…
Read MoreCategory: Consumer Stuff
Keeping your money safe
I’ve had a few questions from readers about the safety and security of their investments during the coronavirus crisis and thought it would be worthwhile giving you all some general advice about the best way to make sure you keep your money safe from some of the scams that are around at the minute. Peter Glancy, Head of Pension Policy…
Read MorePay your debt or save your cash?
I’ve had a few letters and calls from people with money in the bank and a personal loan, credit card, or mortgage that they are repaying. Their question is ‘should I use my savings to repay my loan, or should I keep my savings and continue to repay my loan every month?’ My answer usually start with two words ‘It…
Read MoreEnsuring, and insuring, effective home working.
For many of us working last home at the moment there are real financial incentives, not least of which is the savings made on travel to and from work and the cost of buying lunch and other bits and pieces when you are there. And for some who work in a city centre area there is always a temptation to…
Read More