The headline rate for the Consumer Prices Index inflation increased to 5.4% in December, a rise from 5.1% in November, and the highest rate in 30 years. With the Bank of England seeming more hawkish on inflation, interest rates have risen again to 0.5%, at this month’s Monetary Policy Committee meeting. This rise to 0.5%,…
Did you know that Starbucks, the humble coffee shop, could well be one of the biggest banks in America? Here is the reason: Next to every till conveniently placed next to the place where you pick up your favourite beverage, is the Starbucks gift card. This card can be topped up with cash to spend…
Inflation is a silent killer – it earns its’ reputation through the slow deterioration of the purchasing power of your money over time. It is also the enemy of your savings because you always need to take it away from any growth to find out the real rate of return. Low inflation is easily overlooked…
Financial planning is all about setting plans and expectations. Imagine you’re starting a business. A business plan is essential in order to acquire funding, renting office space, and generally getting started. Most of us learned this by the time we were sat in GCSE Business Studies and perhaps we have even had experience writing one. However, so many people don’t follow this for their…
