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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.

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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.

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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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