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Inflation rises to 10.4%

ended 22. March 2023

Following the news that inflation rose to 10.4% last month, defying the consensus of a fall, how could this - and a potential rate increase tomorrow now more likely - impact your business? Any thoughts on how this level of inflation is impacting you, send them across ASAP.

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Editor
Samuel Mather-Holgate
Independent Financial Adviser at Mather and Murray Financial
Any suggestions the Bank of England was going to take its foot off the gas after the banking shock is now for the birds. Even though these figures aren’t unexpected, as food prices continue to jump due to the lag in energy costs filtering into commodities, the Bank of England still might impose a 0.5% rate hike on us. This will be further catastrophic news for businesses and households trying to juggle higher bills. A pause for two months before inflation will fall off a cliff would be the sensible, compassionate thing to do.