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Speculators are the cause of inflation – not consumers

In response to Andrew Sentance’s decision to vote for a 0.5% rate rise in the February Monetary Policy Committee meeting, I agree rates need to rise over time and I’m sure he has a lot of data to back up his case.

But one thing he doesn’t have is contact with real people who are having to cope with their incomes being squeezed more than ever due to rising oil costs and VAT rises.

Once these feed through, it multiplies the inflation figures. The inflation figure is not because of rampant consumerism, it is caused by speculators and currency issues in the oil market and by VAT rises.

If rates rise too far too soon it will cause more repossessions, which will cause property prices to fall, creating further problems for vulnerable people.

William Kingsley



Don’t consider FTB crisis in a vacuum

It’s been a busy few weeks in the world of mortgages. I seem to be spending much of my time in summits, be it self-build or first-time buyers, or being interviewed about them. One such event that has been on my mind of late is the Grant Shapps-led group on first-time buyers. Everyone knows it […]

Paul Fisher reappointed to MPC

Markets executive director Paul Fisher has been reappointed as a member of the Bank of England’s Monetary Policy Committee for a further three-year term.

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


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