UK inflation hits 2.3%, surpassing the Bank of England's target, influenced by higher wages and national insurance.

The UK's inflation has risen to 2.3%, exceeding expectations and the Bank of England's 2% target. This increase is partly due to higher national insurance costs and a rise in the minimum wage. Additionally, President-elect Donald Trump's policies may cause global inflationary pressures. The Money Podcast discusses how these factors affect interest rates, borrowers, and savers, including mortgage options and inheritance tax issues.

November 23, 2024
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