Are interest rate cuts about to stall?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 22 November 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation's spell below the Bank of England's 2 per cent target has been brief and the latest CPI figure came in at a higher than expected 2.3 per cent.

Meanwhile, Bank of England boss Andrew Bailey has joined the Office of Budget Responsibility in stating that the recent Autumn Budget is likely to lift inflation, as employers face higher costs from national insurance and the rising minimum wage.

On the other side of the Atlantic, President-elect Donald Trump is seen as bringing his own inflationary pressure, which could spread from the US 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?

On this week's podcast, Georgie Frost, Helen Crane and Simon Lambert, talk inflation, rates, mortgages and savings.

The team also look at whether those needing to get a mortgage now should fix for two or five years.

Plus, why the row over inheritance tax and farmers is symptomatic of Britain's bad tax system - and Simon's plan for a trade-off on IHT-free land.

Crane goes on the case of money refunded ffor a faulty coffee machine much later to an empty gift voucher that had understandably gone in the bin.

And finally, the listener question of the week is up and running, and it's one on sticking it to the man and having enough money to quit work for good.

Transcript

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0:00.0	Welcome to This Is Money podcast, sponsored by Charles Stanley Direct.
0:06.0	I'm Georgie Frost and joining me and Simon Lambert today is Helen Crane.
0:09.9	And coming up are the interest rate cuts about to stall and what will that mean for our
0:14.5	money? Looking to fix your mortgage should you go for two or five years or even longer?
0:20.5	Also today farmers and the inheritance tax crisis.
0:23.9	How on earth did we get into this mess and is there a way out of it?
0:28.3	And Argos refunded my coffee machine to an empty voucher card that I binned.
0:33.4	What on earth do I do now?
0:35.4	What do I do now?
0:36.4	Don't forget you stop to date with all the latest breaking money news just to go to this ismoney.com.
0:40.5	UK or download the app.
0:43.0	Take control of your finances with Charles Stanley Direct.
0:46.8	Invest, save, coach or plan.
0:50.8	Using technology where it's helpful and people where it matters.
0:55.0	Our website and app make trading cost effective and flexible, but we're more than just an online investment service.
1:02.0	We're here for you regardless of your financial needs or if your life takes an unexpected term.
1:08.0	Your finances, your way.
1:10.0	Take control today with Charles Stanley Direct. Sign up now.
1:14.7	Investment involves risk.
1:16.2	But first, inflation is back on the uprising to above the Bank of England's 2% target in October to a six-month high. At 2.3%, though, it's nowhere near its peak of a couple of years ago
1:28.2	when CPI stood at 11.1%. So how concerned should we be? Experts think it's even less likely
1:36.8	we'll get another rate cut this year, though, but what about after that? Helen, welcome.
	...

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