Savings rates: don’t be caught in the numbers net
National Savings & Investments has launched two top of the savings league table one-year bonds, but the headline rates may not be your net return. The primary role of National Savings & Investments (NS&I) is “cost-effective financing for the government.” In the current financial year, NS&I has been charged with raising between £4.5 billion and […]
2023 inflation forecast: the only way is down?
Inflation surged in 2022, but can it reverse in 2023? Source: ONS, Eurostat, BLS. Forecasters of inflation were way off target for 2022. For example: In December 2021, the Bank of England’s Monetary Policy Committee said “CPI inflation was expected to remain around 5% through the majority of the winter period, and peak at around […]