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Sharp rise in inflation

Consumer price index annual inflation leapt to 3.8 per cent in June from 3.3 per cent in May, according to figures from the Office for National Statistics. Bank of England governor Mervyn King admitted this week that the monetary policy committee can do little to change the path of inflation in the short term.


Listen to the guru

It would be difficult to overestimate the contribution of Stewart Ritchie to the debate over pensions in the last four decades as he announces his retirement from Aegon.


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