The Bank of England decided to hold rates at 0.5% as expected. However, the city is generally of the view that a rise is likely in the summer. Given the warm weather here in London today, there was the slight chance that summer had come early, but fortunately borrowers have been given respite for a further month. It is likely that a rise will occur in June or July, but inflation figures whilst being somewhat alarming will improve naturally simply by mathematical inevitability. There is no real need for rates to rise at this point and whatever may be said in public, the truth is that a little inflation reduces debt and improves UK plc.
We are a boutique firm of financial planners. We create financial plans designed to achieve a desired lifestyle. We will craft and implement your plan that will provide you with the greatest chance of accomplishing your unique goals based upon the values that you hold. Financial products are little more than the tools to achieve your required results
Call us today or visit our website for more information and to arrange a meeting
Call us today or visit our website for more information and to arrange a meeting