Base rate rises to 4% but will it really help tame inflation?
The Bank of England raised interest rates for the first time in three years from 3.75 to 4 per cent this week. It was a unanimous 8-1 vote, with the outlier wanting to raise it to 4.25 per cent. What does it mean for our money, can it really help tame inflation and will there be more rate rises in coming months? Simon Lambert, Lee Boyce and Georgie Frost discuss. With many homeowners coming off fixed mortgage deals, many are questioning whether a tracker might be the best home for now - is it a wise move? We answer a podcast listener question. Donald Trump and the Republicans took a bruising in the midterms and Wall Street took a beating on Thursday too, with more than £2 trillion wiped off US technology stocks in a day, raising fears of a wider stock market crash. Investors are getting nervous about the vast sums being poured into AI, whether they'll ever see a decent return and that the election results could put the brakes on data centre development. Are you heading for a bleak retirement and is your stingy employer to blame? You might think earning a good salary means you'll have a decent pension... but not necessarily. Almost half of millennials say inheritance is crucial to achieving their financial goals. But new research suggests their parents might have other ideas. And with people living longer, rising care costs and pensions being brought into inheritance tax from April next year, there could be even less to pass on... Follow us on Instagram @dmgnewmedia. Follow us on TikTok @dmgnewmedia Follow us on X @dmgnewmedia Email us [email protected] Text us 020 7938 6000. Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane Producer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.