UK Inflation Hits 2.6%: Implications for Households and Businesses
Today, the UK’s inflation rate has risen to 2.6%, surpassing the Bank of England’s 2% target and marking a significant increase from October’s rate of 2.3%. This uptick reflects ongoing…
Inflation set to wipe £383.4 billion from savings in the UK
Following the UK’s inflation rate hike of 5.4% in December, the purchasing power of household savings is starting to diminish. In fact, data from the Bank of England shows that…