New rules from the FCA will ensure, from this month, providers have to tell consumers when they could get a better rate elsewhere via an annuity comparator.
Not wanting to be second guessed, growth in UK house prices fell back in February – suggesting January’s surprise spike was a short-term rise, rather than the beginning of a permanent recovery in growth.
Financial pressures and the housing market being what it is, mean that people are unable to get on the property ladder until much later into life – mid thirties not uncommon. Similarly delayed is having children as many more women are having children in their 40s.
Inflation is not doing what it’s supposed to and everyone’s talking about it. By now (actually since November when we look back at forecasts) we should be on an inflation downhill. Gentle, granted, but definitely down.
The decision to hold rates now came with heavy caveats that a rise is likely in May to tackle inflation. With global growth driving UK economic recovery and some evidence of wage growth, The Bank of England expects that bigger and more frequent (than anticipated) hikes may be required to tackle pesky inflation that refuses to settle.