Inflation is at a 19-year high meaning virtually every savings account would fail to keep pace with the cost of living were prices to continue rising at this rate.
The Bank of England should hike interest rates in the second half of 2010 and lift borrowing costs to 3.5% by the end of 2011 to control rising inflation, an economic report says today.
Nationwide Building Society is trumpeting its 'Football Bond' ahead of the World Cup amid a flurry of advertising. But it can be beaten by a bet at the bookies.
A sharp rise in the cost of living isn't generally good news, and April's Retail Prices Index (RPI) inflation measure, announced yesterday, shows a 19-year high of 5.3%.
19 May 2010
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