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Peer2Peer Finance News | November 19, 2017

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The savings squeeze continues as inflation hits five-year high

October 17, 2017 |

INTEREST-STARVED savers have been hit with more bad news after inflation hit a five-year high.

The Office for National Statistics reported consumer price inflation (CPI) was three per cent in September, up from 2.9 per cent in August and the … Read More

UK GDP: SMEs need certainty amid sluggish growth, warns CBI

July 26, 2017 |

SMALL and medium-sized enterprises (SMEs) need more certainty and stability to counteract the effects of sluggish economic growth, the Confederation of British Industry (CBI) has warned.

Rain Newton-Smith, the chief economist at the CBI, warned that the business association expects … Read More

Inflation drops but savers warned the squeeze will continue

July 18, 2017 |

THE COST of living fell for the first time since September 2016 as inflation hit 2.6 per cent in June, but it is still above the Bank of England’s two per cent target and close to a four-year high.

The … Read More

Savers search for better deals as inflation rate stagnates

September 13, 2016 |

The UK inflation rate remained unchanged at 0.6 per cent in August, according to official figures released today, despite the base rate cuts earlier that month and the weaker pound.

This follows evidence from Hargreaves Lansdown that shows savers are … Read More