The independent advice website moneyfacts.co.uk has given the following advice for savers trying to beat the increase in CPI inflation announced today:
- Basic rate taxpayers need to find a savings account paying at least 3.25% per annum, of which there are about 227 to choose from.
- Higher rate taxpayers need to find an account paying at least 4.30%. There is only one such account on the market at present.
The rise in inflation means more misery for commuters as train companies can increase fares up by 6.2%. Will the Chancellor step in?
Today's inflation figures will give an indication of the level of rail fare increase we can expect in January. So what is driving that rise?
Commuters are braced for more misery as inflation figures were higher than expected meaning that train companies can charge more.