Everything you need to know about Inflation
In the current economic climate, inflation has been a big problem for people with savings and investments, taking a large chunk out of the purchasing power of their money. To save and invest properly, you need to understand inflation and what it means for your financial planning. What is inflation? Inflation is when money loses value over time. It’s happening constantly – things are generally more expensive than they were a few years ago. To see it happening, think about what you could buy with £1 over the past few decades. We’ll look at it in terms of loaves of […]