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This is Money Podcast

What does the latest inflation data mean for our finances for the rest of 2024?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1650 Ratings

🗓️ 16 August 2024

⏱️ 56 minutes

🧾️ Download transcript

Summary

This week, the consumer prices index measure of inflation nudged higher to 2.2 per cent.

But what does this mean for future base rate decisions - and then in turn, mortgage rates and savings rates.

This week, Lee Boyce and Georgie Frost discuss the latest inflation figures and what the rest of the year has in store for the economy.

Meanwhile, experts predict a busier housing market this autumn - but what makes them so sure?

And watch out if you plan on taking your kids out of school during term time - you could face big fines, with the first change to the system since 2013.

Is it fair that parents get fined for taking children on holidays and should there be a better system devised?

We look at the supermarket winners and losers over the last decade - just how bad have things been for Asda.

And our reporter Angharad Carrick takes a visit to west London Tesco to test its new anti-shoplifting measures. Is it any good? 

We also run the rule over Aliexpress... and the bargain items that are almost too good to be true...

Transcript

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0:00.0

Welcome to This Is Money podcast sponsored by Charles Stanley Direct. I'm Georgie Frost and joining me today is Lee Boyce.

0:09.3

And coming up, inflation is back on the up. Should we be worried? The experts are predicting a busy housing market this autumn, but makes them so sure.

0:18.8

Watch out if you plan on taking your kids out of school during term time, you could face big fines.

0:24.1

Also today, we take a look at the winners and the losers over the last decade of the supermarket wars

0:29.2

and discuss Tesco's new anti-shoplifting measures and the truth about Ali Express and the bargain

0:37.1

items that are almost too good to be true.

0:40.2

Don't be getting to stay up to date with all the latest breaking money news.

0:42.7

Just go to thisismoney.co.com.com or download the app.

0:46.5

Take control of your finances with Charles Stanley Direct.

0:50.3

Invest, save, coach or plan.

0:54.1

Using technology where it's helpful and people where it matters.

0:58.0

Our website and app make trading cost effective and flexible, but we're more than just an online

1:04.0

investment service. We're here for you regardless of your financial needs or if your life takes an unexpected turn. Your finances,

1:12.7

your way. Take control today with Charles Stanley Direct. Sign up now. Investment involves risk.

1:19.8

The first, down, but not out. Inflation is on the up. Well, a little smidge, I suppose, in July's reading from the months before,

1:29.1

but it marks the first time the rate has increased since a surprise uptick in December.

1:33.1

So is the menace back to haunt us, or is it just a little bump on the road?

1:38.4

Lee, the latest readings, what's caused the increase, what will it mean for our money?

1:43.0

Should we all be panicking?

1:45.2

That we're back to the dark days of October 22, I think, when it reached 11.1%. Am I right?

1:51.2

You are right. And I would say there's no need to really panic. This actual, this CPI inflation reading was under the forecast that was actually out there.

2:00.7

The kind of money was on it going up

...

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