Inflation is back on target, so is life about to get easier?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 21 June 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation is back on target at 2 per cent. After the spike into double-digits that triggered talk of a cost of living crisis and sent interest rates spiralling, we are now back at the Bank of England's target level.

So, is the great inflation panic over and is life about get easier?

Or will we be feeling the after effects of high inflation for years to come?

And what's going to happen to interest rates?

On this episode of the This is Money podcast, Georgie Frost, Helen Crane and Simon Lambert look at why inflation as come down and what happens next.

Plus, the couple who didn't get a Natiowide fairer share payout despite having £100,000 saved.

And finally, would you let your parents pay for you to go on holiday as an adult - or pay for your own adult kids to go with you?

The team look into the family time vs freeloading debate.

Transcript

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0:00.0	Welcome to This Is Money podcast sponsored by Charles Stanley Dyrrae.
0:06.2	I'm Georgie Frost and joining me and Simon Lambert today is Helen Crane.
0:10.3	And coming up, inflation might be back on target, but is the damage already done?
0:15.8	Another hold for rates and the Bank of England doesn't look that keen on a cut. So what will it take for a move down?
0:22.6	Nationwide have started paying out more than £100 fare of share payment,
0:26.6	but plenty of loyal customers are pretty unhappy at the moment,
0:29.6	and would you let your parents pay for a family holiday as an adult?
0:34.6	Don't be getting to up to date with all the latest breaking money news just to go to this
0:38.5	ismoney.co.com or download the app.
0:42.1	I'm Lisa Kaplan from Charles Stanley Direct.
0:44.7	I spent 15 years helping people understand their finances with clear jargon-free language.
0:51.2	People often ask me whether they have enough to retire, what to do about inheritance tax,
0:56.0	or how best to invest. Often, it's a simple question that one of my expert team can answer straight away,
1:03.0	and we would love to help you too. Contact us for a free 15 minute chat at coaching at
1:09.0	charles dash stanley.co.uk. Investment involves risk.
1:13.2	But first, it was a double whammy week for us personal finance journalist. First, we had
1:17.4	inflation figures, followed the next day by the latest interest rate decision. Good news is that
1:22.9	after a pretty hair-raising few years, Inflation is back to target.
1:31.7	2% in May down from 2.3% the month before.
1:36.4	So obviously the Bank of England celebrated the news with a rate cut the next day,
1:39.3	easing the pressure on millions of mortgage holders.
1:42.3	No, that's not actually what happened.
	...

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