Inflation danger and Index-linked savings certificates
National Savings & Investments (NS&I) savings certificates will next year be indexed to inflation measured by CPI instead of RPI. This is a story about the dangers of inflation … NS&I certificates have not been on sale since 2011, but NS&I allow existing certificate holders to reinvest in new series of certificates when their old […]
National Savings are cutting interest rates
Rates on a range of National Savings & Investments products will fall from 1 May. National Savings and Investments (NS&I) has announced that it will be cutting interest on four of its variable rate products from 1 May. These follow the Bank of England’s base rate cut to 0.25% which took place in August 2016. […]
Is the spectre of high inflation returning?
December 2016 had the highest inflation figure since July 2015 Inflation was far from our minds for much of 2015. The Consumer Price Index (CPI), the government’s chosen measure, showed annual inflation oscillating between -0.1% and 0.3%. Last year told us a rather different story and by December 2016 prices were rising by 1.6% a […]