Inflation – The Race Against Time

Inflation – The Race Against Time

The Monetary Policy Committee of the Bank of England is tasked with keeping inflation at exactly 2%.  If inflation moves more than 1% away from this target (up or down), then the governor of the Bank of England has to write an open letter to the Chancellor of the Exchequer, explaining why this has happened and what the MPC intends to do about it.

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The Upfront Cost of Downsizing

The Upfront Cost of Downsizing

With the notable exception of children, smaller is generally cheaper.  This is usually very true when it comes to housing (on a like-for-like basis of course, a studio flat in London might well cost more than a house in rural Wales).  Because of this, there’s an obvious financial attraction in downsizing property once children have flown the nest.  As is so often the case in life, planning ahead can help to keep costs down and maximize the money you can call your own after the move is complete.

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The Advantages of ISAs

The Advantages of ISAs

Most people benefit from a combination of savings and investments.  Savings make sure that we have access to cash in case of need.  Investments grow our net worth and make it possible for us to achieve our financial goals.  Putting our savings and/or investments into a tax-free wrapper helps us to enjoy more of the returns ourselves, hence the huge popularity of ISAs.

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Helping your children to fly the nest

Helping your children to fly the nest

Just as young adults may yearn for their independence, outside the parental home, so parents can be just as eager to speed them on their way, so that they can get on with their own plans for  the future.  The challenge for both sides is that houses are far from cheap.  Assuming buying a property outright for your offspring is too much of a financial demand, there are basically three ways, you can help your offspring move out of the family home.

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