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The period of inflation below the Bank of England’s 2 per cent target has been brief and the latest CPI figure was a higher-than-expected 2.3 per cent.
Meanwhile, Bank of England chief Andrew Bailey has joined the Office for Budget Responsibility in saying the recent Autumn Budget is likely to push up inflation as employers face higher costs due to national insurance and to the increase in the minimum wage.
Across the Atlantic, President-elect Donald Trump is seen as exerting his own inflationary pressure, which could spread from the United States to the rest of the world.
So what does this mean for interest rates? Are cuts about to stall? And what happens next for borrowers and savers?
In this week’s podcast, Georgie Frost, Helen Crane and Simon Lambert talk about inflation, rates, mortgages and savings.
The team also looks at whether those who need to get a mortgage now should do so for two or five years.
Also, why is the dispute over inheritance tax and farmers symptomatic of Britain’s bad tax system and Simon’s plan for an IHT-free land swap?
Crane picks up the case of money refunded for a defective coffee machine much later to an empty gift voucher that had, understandably, gone into the trash.
And finally, the listener question of the week is on, and it’s about hitting the man and having enough money to leave the job for good.