All inflation articles
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OpinionCost-of-living crisis risks young savers’ future retirement outcomes
How can the pensions industry help young savers, already struggling to get on the property ladder, put more money towards their retirement?
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NewsBank of England holds base rate at 5.25 per cent
The financial services industry has welcomed the UK central bank's decision to keep the base rate on hold at 5.25 per cent.
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NewsEconomy: UK inflation eases to 6.7 per cent in August
The Consumer Price Index (CPI) edged down in the 12 months to August to 6.7 per cent compared to July’s 6.8 per cent, as falling food prices helped to stall inflation.
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NewsSavers shrug off cost-of-living crisis to increase 'later-life' savings pots
More people are saving for their retirement, with holidays now further down the list, according to Nottingham Building Society and the DC Investment Forum (DCIF).
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NewsState pension triple lock could cost up to £45bn a year by 2050
As the Office for National Statistics prepares to release its estimate for average earnings growth, the Institute of Fiscal Studies (IFS) issues a warning over the cost of the triple lock to taxpayers.
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NewsFalling inflation may benefit state pensioners in the short term
The headline rate of inflation was down again in July 2023, for the second consecutive month.
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NewsUK economy: GDP grew 0.5 per cent in June
The UK economy grew by 0.5 per cent in June and by 0.2 per cent in the three months ending June, according to the Office for National Statistics.
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NewsUK economy: Inflation comes in below 8 per cent in June
The cost of living rose by a better-than-expected 7.9 per cent last month; it had been predicted to fall to 8.2 per cent after rising to 8.7 per cent in May.
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NewsPensions: The great inflation divide
Savers with an an inflation-protected pension scheme will be £1,500 better off by April 2024 than those with capped inflation protection, investment platform ii has warned.
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NewsSavings shock: Over £4.5bn more withdrawn from UK accounts than deposited in May
The Bank of England said withdrawals from UK savings accounts hit their highest level in 26 years.
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News
Schools face a rise in pension contributions next year
Teachers' Pension Scheme contributions are likely to go by five per cent up from April 2024
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NewsPension schemes urged to come to UK Plc's rescue
The secret to reinvigorating the UK economy lies in the hands of pension schemes, says report.
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NewsRising inflation and triple lock pledge will boost pensions payments
Pensioners could see their income boosted next year as 'sticky inflation' drives another expected significant rise in the state pension, consultancy Broadstone has claimed.
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NewsInterest rates hiked to 5% as Bank of England fights inflation
The Bank of England has increased the base rate by 50 basis points
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NewsInflation falls but remains high enough to do damage
The hopes of analysts waiting with bated breath for the latest inflation rates have been dashed, after the headline figure is shown to have remained in double digits at 10.1 per cent, according to the latest data from the Office for National Statistics.
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NewsBank of England raises interest rates to 4.25%
The Bank of England has raised the base rate of interest, despite concerns over the impact this will have on the banking sector.
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NewsAuto-enrolment thresholds held amid cost of living concerns
On the go: The government has confirmed that auto-enrolment thresholds will be held at their current levels for the next year.
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OpinionWe need to teach people about money, not just maths
The prime minister’s pledge to extend numeracy education in schools must address the national shortfall in financial literacy that currently gets in the way of many people saving adequately for retirement.
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News‘Nightmare’ inflation eases slightly to 10.5%
On the go: The rate of inflation dropped slightly in December as the price of fuel and clothing eased. However, concerns are growing that wage rises are embedding inflation into the economy.
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NewsInflation drives 18% surge to ‘minimum’ cost of retirement
Retirees trying to achieve a basic standard of living will have seen their expenditure increase over the past year by almost 20 per cent due to high inflation, according to the Pensions and Lifetime Savings Association’s retirement living standards.