Economy
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UK savers £37bn down as inflation hits cash pots, despite record interest income
The UK’s cash savings have fallen in 2023 and, crucially, savers are failing to make the most of their nest eggs, according…
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Quarter of a million more economically inactive older workers since pandemic
Today’s labour market figures show a continued rise in economic inactivity among workers aged 50-64 with an extra 252,000 leaving the workforce…
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Consumer weakness points to early BoE cut next year – T. Rowe Price
By Tomasz Wieladek, chief European economist at T. Rowe Price The surprise decline in UK consumer confidence and retail sales shows demand…
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Aegon – Latest inflation figures ‘turn the heat up’ on State Pension Triple Lock
With the latest news on inflation figures making headlines, Aegon states that State Pension is on track for inflation-busting, second-largest ever Triple…
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Industry experts react to ONS CPI data
Today the ONS revealed that the UK’s CPI rose slightly by 0.5% in September 2023 and in response industry experts have shared their reaction…
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State pension set to rise by 8.5% in 2024 as September inflation comes in at 6.7%
Tom Selby, head of retirement policy at AJ Bell, comments: “Provided the government sticks to its state pension triple-lock promise, today’s CPI…
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“ONS confirms 8.5% pension increase challenge for Chancellor” – Steve Webb
ONS today published its latest estimates of the growth in average earnings between May-July this year and the same period a year…
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Pay outstrips inflation but vacancy rate falls again
Danni Hewson, AJ Bell head of financial analysis, comments on the latest pay growth and vacancy numbers: “A delay in publishing unemployment and inactivity…
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Autumn Statement 2023: AJ Bell sets out five key priorities to support savers and investors
AJ Bell has set out five key personal finance priorities for the Chancellor ahead of next month’s Autumn Statement. In its Autumn Statement…
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GDP growth: The UK cities set to achieve the largest GDP growth by 2030
Recent figures from the Office for National Statistics (ONS) indicate that the UK’s economy has grown by 1.8% since the pandemic started.…
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