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.... Linking the annual increase to July’s retail prices index, which consistently gives higher readings than the consumer prices index, makes no sense. The Bank of England uses CPI for inflation-targeting. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 06:28:31 PM
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.... After 2025, who knows what will remain of our councils, our welfare state and our public realm. One truism of this era is that the average British worker earns less after inflation than they did when RBS nearly died. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:00:05 AM
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....”. This year there has been significant inflation in the sports rights market: the UK rights to the Champions League rose by 32%, the England and Wales Cricket board nearly trebled its deal for the England cricket team, and the Football League is set to increase its next deal by more than 30%. ... [Read full article on Guardian ]
Friday 11th of August 2017 04:10:07 PM
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....1% on a year ago. Consumers got a glimpse of some respite this week from surging inflation after the vote to leave the European Union, as the consumer price index remained static at 2. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 03:16:50 PM
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Monday 14th of August 2017 02:23:48 AM
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....6%) and the slowest annual rate since April 2013. Revealing those figures last week, Russell Galley, managing director at Halifax Community Bank, said sluggish wage growth and rising inflation were weighing on house prices. ... [Read full article on Guardian ]
Saturday 12th of August 2017 03:00:48 PM
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.... The first year following the Brexit vote saw unemployment fall by 157,000. But despite the additional jobs and the acceleration in earnings growth, living standards remain under pressure because pay has failed to keep pace with inflation, which stood at 2. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 08:36:46 AM
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. The squeeze on cash-strapped British households is expected to be illustrated this week byofficial figures likely to show that inflation picked up last month, outstripping growth in pay packets. ... [Read full article on Guardian ]
Sunday 13th of August 2017 03:28:41 PM
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....Rail commuters facing a steep 3. 6% increase in ticket prices might find it tough to accept but there is light at the end of the tunnel for UK inflation. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 10:01:53 AM
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Tuesday 15th of August 2017 06:31:47 AM
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....6% from next year, adding pressure to incomes already squeezed by higher prices. The rise, the biggest annual increase in five years, is set by the government and linked to July’s retail price index (RPI) measure of inflation announced by the Office for National Statistics on Tuesday. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 08:32:02 AM
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.... You clamp down on payday loans and people take out more store cards,” said Dave Rankin, director of insolvency at Creditfix, a personal insolvency practice. “When you have inflation creeping up and wage increases not keeping up with that, it is kind of inevitable in a way. ... [Read full article on Guardian ]
Monday 14th of August 2017 06:00:35 AM
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.... It is usually assumed that under normal circumstances that is what growth, a proxy for wealth, does – but this is not necessarily the case. If the price of essentials rises faster than that of other goods, then even if income growth keeps pace with general inflation, anyone on a low income is likely to see a decrease in real wealth. ... [Read full article on Guardian ]
Monday 14th of August 2017 07:00:36 AM
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....Former top Sky executive Mike Darcey thinks that, after a string of bidding battles, Sky and BT may this time reach an equilibrium in how the seven Premier League TV rights packages are divided. He believes that unless a new rival makes an unlikely entrance and ratchets up the bidding – someone such as Amazon, which recently poached the UK rights to ATP World Tour tennis from Sky – “natural” inflation over the past three years could see the price rise by no more than 15%. ... [Read full article on Guardian ]
Sunday 13th of August 2017 05:59:06 AM
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.... This year an additional £100,000 of allowance can be used to reduce the duty paid on the main home. But amid inflation, rising house prices and investments, it is feared more hardworking Britons will see the increasing amount of inheritance landing in the hands of the taxman. ... [Read full article on Daily Express ]
Wednesday 16th of August 2017 04:05:00 PM
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. Britain’s consumers are taking a more cautious approach to shopping as higher inflation above the level of earnings eats into their spending power. ... [Read full article on Guardian ]
Thursday 17th of August 2017 11:26:01 AM
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....The average UK house price rose by £2,000 in June to £223,000 compared with the previous month, almost £10,000 higher than a year ago, according to the Office for National Statistics (ONS). While the annual growth rate has slowed since the middle of last year following the vote to leave the EU, prices are still outstripping increases in inflation and wages, at 4. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 12:57:18 PM
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.... The buy-to-let sector has gone cold since more a more stringent tax regime was introduced last year. Households have seen their real incomes squeezed by rising inflation and this has made them risk-averse on big financial decisions. ... [Read full article on Guardian ]
Saturday 12th of August 2017 03:00:47 PM
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. Sterling fell against the dollar on Tuesday after the CPI rate of inflation remained unchanged in July, reducing pressure on the Bank of England to increase interest rates to curb the rising cost of living. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:10:12 PM
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.... The Bank of England has warned households that the base rate is set to rise in 2018 - earlier than many expect. But amid rising inflation and a strong economy policymakers could hike rates sooner, which could lead to a dramatic jump in borrowing costs. ... [Read full article on Daily Express ]
Monday 14th of August 2017 03:44:00 PM
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....8% in the three months to the end of June partly thanks to a boost from Easter trading. While Asda flagged its strategy of cutting prices on key items, a return to grocery price inflation spurred by the fall in the value of sterling is also likely to have helped the chain, owned by US retailer Walmart. ... [Read full article on Guardian ]
Thursday 17th of August 2017 12:17:23 PM
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....Rail commuters will find out on Tuesday how much the cost of season tickets will increase by next year, as trade unions warn that passengers are paying “more for less”. The government links the annual January rise in Britain’s regulated fares with the previous July’s retail price index (RPI) measure of inflation, which will be announced by the Office for National Statistics (ONS) at 9. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 06:55:16 AM
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....Savers who opt for final salary schemes have always had the option to swap them for a defined contribution pension pot. But the demand for this type of investment was low - because the inflation-linked income provided by final salary pensions was adequate. ... [Read full article on Daily Express ]
Saturday 12th of August 2017 04:00:00 PM
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....UK house price growth slows with London and north-east hardest hit. Rail users face steepest fare rise in five years as inflation hits 3. ... [Read full article on Guardian ]
Thursday 17th of August 2017 02:37:41 PM
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Latest Finance News related to Inflation

PENSION WARNING: How inflation ravages YOUR retirement income by hundreds of pounds image
. Pensioners must find an extra £715 a year to meet rising bills and prices, with inflation now running at 2. ...
Inheritance tax: Shock poll reveals pensioners' DESPAIR at not leaving more to children  image
....As a result, around two thirds of people under-45 are not expecting to receive a substantial inheritance, according to the report. Social care costs and rising inflation are the biggest reasons that younger people are not banking on receiving large sums from parents. ...
Slow house price growth and steep rail fare increases image
Source : Guardian [Read Article] Thursday 17th of August 2017 02:37:41 PM
....UK house price growth slows with London and north-east hardest hit. Rail users face steepest fare rise in five years as inflation hits 3. ...
Asda returns to sales growth thanks to price cuts and inflation image
Source : Guardian [Read Article] Thursday 17th of August 2017 12:17:23 PM
....8% in the three months to the end of June partly thanks to a boost from Easter trading. While Asda flagged its strategy of cutting prices on key items, a return to grocery price inflation spurred by the fall in the value of sterling is also likely to have helped the chain, owned by US retailer Walmart. ...
Inheritance tax: The trick that allows grandparents to avoid death duty image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 04:05:00 PM
.... This year an additional £100,000 of allowance can be used to reduce the duty paid on the main home. But amid inflation, rising house prices and investments, it is feared more hardworking Britons will see the increasing amount of inheritance landing in the hands of the taxman. ...
UK car buyers turn to secondhand vehicles image
Source : Guardian [Read Article] Wednesday 16th of August 2017 03:16:50 PM
....1% on a year ago. Consumers got a glimpse of some respite this week from surging inflation after the vote to leave the European Union, as the consumer price index remained static at 2. ...
UK pay growth picks up as unemployment rate falls again image
Source : Guardian [Read Article] Wednesday 16th of August 2017 08:36:46 AM
.... The first year following the Brexit vote saw unemployment fall by 157,000. But despite the additional jobs and the acceleration in earnings growth, living standards remain under pressure because pay has failed to keep pace with inflation, which stood at 2. ...
EasyJet and Ryanair should be wary of launching Air Berlin bid | Nils Pratley image
.... Linking the annual increase to July’s retail prices index, which consistently gives higher readings than the consumer prices index, makes no sense. The Bank of England uses CPI for inflation-targeting. ...
UK house price growth slows with London and north-east hardest hit image
Source : Guardian [Read Article] Tuesday 15th of August 2017 12:57:18 PM
....The average UK house price rose by £2,000 in June to £223,000 compared with the previous month, almost £10,000 higher than a year ago, according to the Office for National Statistics (ONS). While the annual growth rate has slowed since the middle of last year following the vote to leave the EU, prices are still outstripping increases in inflation and wages, at 4. ...
Rail fare increase signals light at the end of the tunnel for UK inflation image
....Rail commuters facing a steep 3. 6% increase in ticket prices might find it tough to accept but there is light at the end of the tunnel for UK inflation. ...
Rail users face steepest fare rise in five years as inflation hits 3.6% image
Source : Guardian [Read Article] Tuesday 15th of August 2017 08:32:02 AM
....6% from next year, adding pressure to incomes already squeezed by higher prices. The rise, the biggest annual increase in five years, is set by the government and linked to July’s retail price index (RPI) measure of inflation announced by the Office for National Statistics on Tuesday. ...
UK commuters brace for rail fares hike of 3.5% image
Source : Guardian [Read Article] Tuesday 15th of August 2017 06:55:16 AM
....Rail commuters will find out on Tuesday how much the cost of season tickets will increase by next year, as trade unions warn that passengers are paying “more for less”. The government links the annual January rise in Britain’s regulated fares with the previous July’s retail price index (RPI) measure of inflation, which will be announced by the Office for National Statistics (ONS) at 9. ...
UK CPI inflation unexpectedly holds steady at 2.6% in July - as it happened image
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Related to :
Ten years after the crash, there’s barely suppressed civil war in Britain | Aditya Chakrabortty image
.... After 2025, who knows what will remain of our councils, our welfare state and our public realm. One truism of this era is that the average British worker earns less after inflation than they did when RBS nearly died. ...
Mortgage rates are rising and time is running out to fix prices, borrowers told image
.... The Bank of England has warned households that the base rate is set to rise in 2018 - earlier than many expect. But amid rising inflation and a strong economy policymakers could hike rates sooner, which could lead to a dramatic jump in borrowing costs. ...
Forget GDP – there’s more to Britain’s wealth than its bank balance | Julian Baggini image
.... It is usually assumed that under normal circumstances that is what growth, a proxy for wealth, does – but this is not necessarily the case. If the price of essentials rises faster than that of other goods, then even if income growth keeps pace with general inflation, anyone on a low income is likely to see a decrease in real wealth. ...
The UK debt tide is rising – how can you avoid drowning? image
Source : Guardian [Read Article] Monday 14th of August 2017 06:00:35 AM
.... You clamp down on payday loans and people take out more store cards,” said Dave Rankin, director of insolvency at Creditfix, a personal insolvency practice. “When you have inflation creeping up and wage increases not keeping up with that, it is kind of inevitable in a way. ...
New pension research: Is this really a golden era for retirement? image
Source : Daily Express [Read Article] Sunday 13th of August 2017 10:29:00 AM
....New official figures make it clear that the lot of the average pensioner really has improved over the last 40 years, financially at least. Back in 1977, just one in five retired households had an annual disposable income of more than £10,000, after accounting for inflation. ...
Fox’s chances of securing Sky depend on the football result image
Source : Guardian [Read Article] Sunday 13th of August 2017 05:59:06 AM
....Former top Sky executive Mike Darcey thinks that, after a string of bidding battles, Sky and BT may this time reach an equilibrium in how the seven Premier League TV rights packages are divided. He believes that unless a new rival makes an unlikely entrance and ratchets up the bidding – someone such as Amazon, which recently poached the UK rights to ATP World Tour tennis from Sky – “natural” inflation over the past three years could see the price rise by no more than 15%. ...
Here’s how savers can pass £1 million on and bypass inheritance tax image
Source : Daily Express [Read Article] Saturday 12th of August 2017 04:00:00 PM
....Savers who opt for final salary schemes have always had the option to swap them for a defined contribution pension pot. But the demand for this type of investment was low - because the inflation-linked income provided by final salary pensions was adequate. ...
Too much hinges on house prices: but Britain may yet avoid a crash image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:47 PM
.... The buy-to-let sector has gone cold since more a more stringent tax regime was introduced last year. Households have seen their real incomes squeezed by rising inflation and this has made them risk-averse on big financial decisions. ...
REVEALED: The shock return on £15,000 saved in cash in 2007  image
Source : Daily Express [Read Article] Saturday 12th of August 2017 11:01:00 AM
.... The same £15,000 kept in the FTSE All-Share index would now be worth £25,270. With rates set to remain low and inflation predicted to reach almost three per cent this year, savers have been urged to consider turning to investments to make a return. ...
Sky faces paying extra £1.8bn for Premier League broadcast rights image
Source : Guardian [Read Article] Friday 11th of August 2017 04:10:07 PM
....”. This year there has been significant inflation in the sports rights market: the UK rights to the Champions League rose by 32%, the England and Wales Cricket board nearly trebled its deal for the England cricket team, and the Football League is set to increase its next deal by more than 30%. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
.... Having incurred additional debt, they are in no position to continue spending at that earlier pace. Sterling’s substantial depreciation, moreover, augurs a significant rise in inflation, which means the Bank will have to start raising interest rates sooner rather than later. ...
Thousands of Asda workers face redundancy or reduced hours image
Source : Guardian [Read Article] Thursday 10th of August 2017 12:08:18 PM
.... He has focused on dropping prices, boosting the quality of food ranges and improving customer service. Bryan Roberts, an analyst at TCC Global, said all the major supermarkets were trying to become more efficient as they juggled higher payroll costs following this year’s hike in the national minimum wage, and inflation linked to Brexit’s blow to sterling. ...
Pay is finally edging up, says Bank of England report image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:39:17 PM
....5%. The latest data from the Office for National Statistics indicated annual average earnings growth running at just over 2%, below inflation of 2. ...
Living costs rising twice as fast as inflation, new figures reveal image
Source : Daily Express [Read Article] Wednesday 9th of August 2017 10:50:00 AM
....7 per cent on a year ago. This is more than double the current official consumer price inflation rate, which stood at 2. ...
Insurers pressed to release immediate sums to pay for funeral costs image
Source : Daily Express [Read Article] Wednesday 9th of August 2017 08:40:00 AM
....Life policy payouts can be held up for months by probate, but a new campaign is pressing insurers to release smaller sums immediately to pay for funerals. Many families struggle to fund a decent send-off as funeral costs accelerate faster than inflation. ...
We let the 2007 financial crisis go to waste | Torsten Bell image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:00:01 AM
....In contrast, not a single Whitehall meeting I recall remotely anticipated the colossal pay squeeze that would see real earnings fall by over 10%. We should have spotted earlier the changed dynamic of a flexible labour market, very low interest rates and a big depreciation of the exchange rate, which fed quickly through into the higher inflation and lower living standards still evident today. ...
Sky set to retain live Football League rights in £180m-a-year deal image
Source : Guardian [Read Article] Tuesday 8th of August 2017 09:38:39 PM
....The Football League is understood to have entered into exclusive talks with Sky for the live rights, in a three to five-year deal worth between £500m and £900m. The official announcement, which could come as soon as Wednesday, will scupper any hope that the recent years of inflationary bids for the crown jewels of sport might be at an end. ...
Pensioners living in golden era as income rise outstrips workers’ image
Source : Guardian [Read Article] Tuesday 8th of August 2017 12:47:17 PM
....Pensioners enjoyed a golden era between 1977 and 2016, with official figures revealing that their incomes have nearly tripled in real terms, rising much faster than the incomes of working people. The average gross income for a pensioner household soared to £29,000 in 2016 from £10,500 in 1977, after the figure was adjusted for inflation, according to the Office for National Statistics. ...
Total UK wealth tops £10tn thanks to City and property boom image
Source : Guardian [Read Article] Monday 7th of August 2017 11:01:22 PM
....”. The Halifax, an arm of Lloyds Bank, said in its monthly snapshot of the property market that house price inflation had eased since the turn of the year. ...
House price slowdown is excellent news – even if estate agents disagree | Nils Pratley image
.... Indeed, the position was becoming dangerous, especially from the Bank of England’s viewpoint. Double-digit house price inflation and rock-bottom interest rates make an unhealthy cocktail. ...
Inheritance tax: The secret loopholes to help protect YOUR money from dreaded death duties image
....An additional £100,000 of allowance can be used to reduce the duty paid on a main home. But increases in stock markets, cash savings and inflation are helping to push more people into the inheritance tax bracket. ...
UK house price rises slow to four-year low, says Halifax image
Source : Guardian [Read Article] Monday 7th of August 2017 09:54:34 AM
.... Nationwide reported monthly house price declines for March, April and May but June and July saw prices rise again. The housing market has surprised some economists with its resilience at a time of political uncertainty, rising inflation and stagnating or falling wages. ...
UK consumers cut spending on clothes, cars and foreign travel image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....Last month the chancellor, Philip Hammond, admitted that the country’s slowing economic growth was down to the squeeze on the cost of living caused by more expensive imports. “Consumers are being affected by the inflation that was created by the depreciation of the currency in the autumn of last year,” he told one interviewer. ...
Employment statistics tell skewed story about UK jobs market Katie Allen image
.... On paper, it’s the tightest labour market in almost half a century, and yet workers are no better off. In fact, they are worse off after adjusting for inflation. ...
Interest rates: Winners and losers revealed following a year of record low interest rates image
....In the average savings account it would have grown by a measly £23 to £15,263. Maike Currie, investment director at Fidelity, says investors need to look to the stock market to generate an inflation-beating return: “While stocks and shares are more risky than keeping your money in cash, history shows that over the long run equities have significantly outperformed. ...
Only a big-spending budget can save us from years of low interest rates image
Source : Guardian [Read Article] Saturday 5th of August 2017 04:00:16 PM
....Without investment there is no increase in productivity. Without higher productivity there can be no sustainable rise in wages and only with bumper wage packets do you get the kind of nasty inflation that comes from too much money chasing too few goods. ...
SHOCK WARNING: Interest rates could soon RISE, Bank of England deputy says image
Source : Daily Express [Read Article] Friday 4th of August 2017 04:00:00 PM
....The cost of debt and borrowing is set to rise faster than markets are currently expecting, Ben Broadbent said. Mark Carney's right-hand man said rising inflation and a strong economy could mean a rate hike sooner rather than later. ...
Why Trumponomics cannot make America great again image
Source : Guardian [Read Article] Friday 4th of August 2017 09:40:46 AM
....Stock-market investors continue to hold out hope that Trump can push through policies to stimulate growth and increase corporate profits. Moreover, sluggish wage growth implies that inflation is not reaching the US Federal Reserve’s target rate, which means that the Fed will have to normalise interest rates more slowly than expected. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
.... The British public, meanwhile, seemed to have largely accepted the reign of the free market: during the mid-00s, the annual British Social Attitudes survey found that dissatisfaction with its impact on society and the workplace, while still substantial, had dipped to the lowest levels ever recorded. With the economy still growing, year after year, the mass benefits of unfettered capitalism – ever wider property ownership, low inflation, cheaper consumer goods, and “no more boom and bust”, as Brown put it – appeared secure. ...
Next shares climb 10% on news of online sales surge during heatwave image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:49:40 PM
....”. Next had previously warned that sales would suffer this year as inflation eroded Britons’ spending power, at a time when clothing prices are rising due to the devaluation of sterling following the Brexit vote. ...
We could end the buy-to-leave scandal – if the political will was there | Polly Toynbee image
.... Since 2010 there are nearly a million fewer home-owning households. At last it may be becoming a hot political issue: Labour’s manifesto plans were popular, promising 100,000 new social homes a year, minimum three-year private tenancies and rents capped to rise by no more than inflation. ...
The day the credit crunch began, 10 years on: 'the world changed' image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 04:15:56 PM
.... Powers were shared by the Treasury, the Bank and the new Financial Services Authority after the changes in 1997 when the central bank was given control of monetary policy but stripped of oversight of the big lenders. The Bank’s focus became hitting an inflation target and setting interest rates. ...
Greggs sees window of opportunity in drive-through shops image
Source : Guardian [Read Article] Tuesday 1st of August 2017 03:27:01 PM
....The Brexit shock to the pound, as well as spikes in the cost of key ingredients such as butter, put pressure on Greggs’ profit margins in the first six months of the year. Whiteside said the business saw cost input inflation of 7% over the period, but savings within its manufacturing operation had shielded customers from the impact. ...
Eurozone economy grows twice as fast as UK's, figures show image
Source : Guardian [Read Article] Tuesday 1st of August 2017 12:07:04 PM
.... The economy had shown resilience in the immediate aftermath of last year’s EU referendum, confounding forecasts of a downturn. But growth has slowed markedly since the turn of the year as a weaker pound has raised the cost of imports, pushed up inflation and squeezed consumers. ...
Amazon outbids Sky to win exclusive ATP tour tennis rights image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:26:47 AM
....Sky and BT are preparing to go to battle to renew their £5. 14bn Premier League rights early next year, with both companies hoping for an end to rampant rights price inflation. ...
Bank of England staff to strike for first time in 50 years after talks fail image
....Members of Unite working in departments including maintenance and security will walk out for three days in a dispute over pay. The union, which is protesting at the imposition of a below-inflation pay offer, blamed the Bank of England governor, Mark Carney, for the failure of the talks, held at the conciliation service Acas. ...
Credit card Britain: £1.5BN of debt racked up in ONE MONTH sparking fresh crisis fears image
....If interest rates were to rise debts could potentially become more expensive making it more difficult for borrowers to meet repayments. Richard Lim, chief executive at Retail Economics, said: “With households facing a pincer movement of rising inflation and weaker wage growth, we’re increasingly concerned that they are going to find servicing debt levels extremely problematic. ...
Unsecured consumer credit tops £200bn for first time since 2008 image
Source : Guardian [Read Article] Monday 31st of July 2017 08:55:04 AM
.... The Financial Conduct Authority said it was cracking down on the high cost of overdrafts and reviewing the booming car loan market. The regulator’s latest intervention came as credit ratings agency Moody’s also warned about the growing household debt mountain, saying that some borrowers would struggle to repay their debt as the economy weakened and inflation ate into their salaries. ...
Last-minute talks bid to halt first Bank of England strike in 50 years image
....The Bank of England will hold last-ditch talks with the UK’s largest trade union on Monday as the central bank attempts to avert its first strike in 50 years. The stoppage has been called over a below-inflation pay offer to the Bank’s maintenance, security and hospitality staff, and was originally due to begin on Monday. ...
Lenders must stop stoking demand for loans: or there’ll be another firestorm image
.... Since the economy plunged into recession in early 2008, real GDP per head has increased by less than 2% – comfortably the most miserable performance, apart from times when Britain has been at war, since records began in the first half of the 19th century. Debt has been rising because wages, once adjusted for inflation, have moved sideways. ...
Saving Britain’s food supply: a manifesto to keep food on the table image
Source : Guardian [Read Article] Saturday 29th of July 2017 08:25:51 PM
.... Instead it has resulted in a devaluation of the pound, making imports more expensive and the exporting of our food more attractive. If, as many fear, a bad deal is done for Britain, resulting in huge tariffs and penalties on trade, food price inflation is going to be in double digits for years to come. ...
INHERITANCE TAX SHOCK: Government rakes in £5BN record high from Britain's dead image
.... By 2020 this extra allowance is to rise to £175,000, meaning a couple could pass £1million of inheritance tax-free. However, increases in stock markets, cash savings and inflation are helping to push more people into the inheritance tax bracket. ...
BT profits dive by 40% after £225m payout over Italian scandal image
Source : Guardian [Read Article] Friday 28th of July 2017 06:49:04 AM
.... The rising cost of sports rights has also affected Sky, which on Thursday said a one-off £629m step-up in Premier League rights costs drove a 14% drop in profits at its UK and Ireland operation. “The days of rampant [rights cost] inflation I think are behind us,” said Patterson. ...
How about a little accountability for economists when they mess up? | Dean Baker image
.... House prices had risen at an unprecedented pace in the years from the mid-1990s until the crash, with no remotely plausible basis in the fundamentals of the housing market. This could be seen by a variety of measures, but most obviously from the fact that rents were still following the overall rate of inflation, as they ordinarily do. ...
Foxtons blames economic uncertainty as profits plunge by 64% image
Source : Guardian [Read Article] Thursday 27th of July 2017 09:25:24 AM
....2m in the period, with Foxtons saying the performance was set against a surge in the first quarter last year, when transactions were brought forward ahead of the stamp duty surcharge on buy-to-let investments and second homes. The estate agent again also pointed to “inflationary pressures on household incomes”. ...
I’m trapped in my leasehold property by ever-doubling ground rent image
Source : Guardian [Read Article] Thursday 27th of July 2017 06:00:42 AM
.... Since leases can run for hundreds of years, a mechanism is needed to increase the rent throughout the term – but some builders are taking advantage of this and mortgage lenders are becoming wary of leases containing unreasonable terms. Taylor Wimpey (following an investigation by The Guardian) has agreed to provide £130m to alter leases where rents doubled every 10 years, and has confirmed that rents in new leases are now reviewed in line with inflation. ...
How much do YOU pay in tax? Hardworking British families hit with £24k tax bill last year image
....“With the tax system more complicated and opaque than ever, it’s time for fundamental reform to make it simpler, more honest, and less of a burden on families and businesses. ”It comes as inflation this year overtook average wage increases, squeezing households budgets. ...
Fever-Tree co-founder toasts £29m payout as shares hit record high image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:57:47 AM
....3%. Neil Wilson, a senior market analyst at ETX Capital, said the shares were not cheap at the current price, and the company could see tougher times ahead in the UK: “Fever-Tree will have to continue to grow at this clip to justify the valuations [and] maintaining this level of growth in the UK will be tough as this market could deteriorate over the next couple of years if there is a hit to consumer spending from inflation and any Brexit-related slowdown. ...
Hammond admits UK consumers hurt by pound's fall as GDP grows by 0.3% image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:19:12 AM
....The chancellor, who says businesses and households are being affected by the lack of clarity about Brexit, put the sharp easing of growth in the past six months down to the squeeze on the cost of living caused by dearer imports. “Consumers are being affected by the inflation that was created by the depreciation of the currency in the autumn of last year. ...
ITV chairman says it will never reveal how much it pays its stars image
Source : Guardian [Read Article] Wednesday 26th of July 2017 08:52:21 AM
....“This is a heated issue and a very political one,” said Jay Hunt, Channel 4’s outgoing chief creative officer. “I am very much of the view that it is inflationary and causes competitive situations with other broadcasters and is not an effective way of managing talent. ...
Ground rents: aristocrats and shell firms among those making millions image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
....A Long Harbour spokesman said it met all of its tax obligations, adding that investors in its unit trusts and limited partnerships “are responsible for payment of any of their own taxes”. He added: “The investment funds in the Long Harbour ground rent fund are UK-based pension and life assurance funds seeking a long-term inflation-proof income and as such are tax exempt. ...

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