This should be good news, not just for those getting a new mortgage but also for your investments. Interest rates and inflation are what’s stopping the long-awaited recovery in markets and funds, and much more important to the world of business than ‘world events’. Putin’s invasion hit our finances because of the immediate impact on both food and fuel prices; had neither of those been factors, it would have been little more than a blip rather than the big dip it became. And as always, lil’ ol’ England is not as important, in so many ways, as we like to think it, and it’s the US economy, inflation and interest rates which will have the biggest effect. They also, of course, have an election looming (on Bonfire Night, which won’t mean a lot to them) and that, too could mean a last minute boost. Watch any available space.
“Cash ISA allowance could be cut this month”
Our mantra has long been ’straightforward advice that you can understand’. That can mean trying to simplify the many complex products and options with which the world of finance tries to befuddle its target audience.
