This is Money Podcast
Is this the clock ticking on a slowdown in the UK economy, or are we primed for a Brexit bounce?
15 Feb 2019
Inflation has slipped to 1.8 per cent - below the 2 per cent target - and the Bank of England has downgraded the UK's growth prospects and indicated interest rate hikes are on hold. But at the same time, wages are rising by more than inflation and unemployment remains low. So has the clock already started ticking on a slowdown in the UK economy, or is this just some pre-Brexit jitters that could eventually be followed by a bounce? This is Money editor Simon Lambert, alongside assistant editor Lee Boyce and host Georgie Frost, dig into what's going on, as the growth forecast is slashed to the lowest annual rate since the recession a decade ago. But there's also some good news: lower CPI also means that more savings accounts are now inflation-beating and we look at where you can get a real return on your money and what the prospects for rates are. Elsewhere, we talk about the property market and a recent slump in prices in London and the South, along with why you should consider carefully how long your mortgage term is for. And finally it's a holiday double header. Firstly, how to play the game to avoid the traps of the air miles reward credit cards with the steepest interest rates but the best points and, secondly, with all-inclusive trips on the rise are they a good idea? Enjoy.
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