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.

4 months ago
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