Will you get richer in 2018? From savings to house prices, we look at the forecasts

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 5 January 2018

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

From savings rates, to property prices and the prospects for the UK economy, this week we take a look at what will (might) happen to our finances in 2018.

Predictions – as we all know – are a mug’s game, but as it is the start of a new year, it’s time to have a look at what could happen in 2018 in the world of money.

Inflation is forecast to subside, while interest rates are only tipped to rise very gently. That would be a boost to people’s finances if wage inflation can get back up above the rising cost of living.

A further boon could come from savings rates, which it is suggested could continue to rise.

In the property market, house prices are predicted to be flat across the UK, but that will mask a continuing divergence in fortunes between regional cities, where sales are buoyant, and London and the commuter belt, where the market has suffered.

Elsewhere in the economy, car sales are falling, consumer borrowing is rising but at a slower pace, and there will continue to be worries we aren’t saving enough for retirement.

That’s what’s meant to happen.

But will it?

Simon Lambert, Sarah Davidson and Georgie Frost gaze into their crystal balls.

Enjoy.

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NS&I, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website.
0:11.7	I'm your host Georgie Frost and alongside Simon I today is Deputy Knowledge and Product Editor Sarah Davidson and a happy New Year one and all.
0:20.3	But will it be a happy new year for the pounds in our pockets?
0:23.2	We'll pour over what stories the team think we'll be grabbing their attention in 2018.
0:28.0	What were in trends or scandals they'll be keeping an eye out for as well?
0:32.4	Also, will savers finally manage to find decent returns once again?
0:36.9	What will be the major themes impacting investments?
0:39.6	Willhouse prices grind to a halt or regional city set for a boom?
0:44.3	And also today, we're going to be discussing tax returns.
0:49.2	But you really need to get your skates on, especially if you've never done it before.
0:52.7	All that and plenty more coming up.
0:54.1	Don't forget you can stay up to date with all the latest breaking money news. Just go to This Is Money.com. to get your skates on, especially if you've never done it before. All that and plenty more coming up.
0:54.2	Don't forget you can stay up to date.
0:55.6	With all the latest breaking money news, just go to this ismoney.co.
0:58.7	UK or download the app.
1:02.0	This is Money, brought to you in partnership with NS&I Premium Bonds, making saving
1:08.3	that little bit more exciting.
1:14.4	But first, a happy New Year, Simon and Sarah.
1:16.4	Any New Year's resolutions for you, Sarah?
1:17.9	Oh, the usual.
1:19.5	Drink less, smoke less.
1:21.0	Sort my finances out.
	...

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