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Inflation figures to hit seven year high, says MPC

Inflation figures are set to hit a seven-year high this week, boosted by higher petrol prices and Budget tax rises.

The first time since May 1998, when it hit 1.9 per cent, the Consumer Prices Index could breach the 2 per cent target set for the Bank of England MPC.

The Bank has forecast a rise over 2 per cent, although it predicts this rise will be temporary, and it should not spark higher interest rates.

Even two per cent, over five years, would wipe out five pounds in every 100 of buying power.


Release your potential

The equity-release market is awash with new products, players and speculation about the huge potential for growth, with recent entries from Norwich Union and future moves from the likes of Bristol & West and Prudential.

Concert to boost tsunami appeal

The Bournemouth Philharmonic will play Prokofiev’s Peter and The Wolf in May to support the Financial Services Charitable Foundation/Money Marketing tsunami appeal.

Scheme aims to engage the public with IFA sector

Alan Swaysland’s letter on “Free PFS advice service helping the wrong client” (Money Marketing, May 5) throws an interesting light on the approach of some IFAs to trying to engage more customers with the IFA sector.

What was known as the “CAB/Sofa” scheme has been inherited by the PFS. I have attended one session of the steering group which is overseeing this service. It is a pilot scheme and a report is due this year. Only then will it be possible to make an assessment of the success or otherwise of the experiment.


Jeremy Bradburne

Lifetime’s chief executive is a keen competitor on the classic car racing circuit and he aims to help the wrap platform become a driving force in the market.


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