Buy To Let
House prices and higher inflation to hit consumers post-Brexit
Analysis published by the Centre for Economic and Business Research (Cebr), said that business activity and job security looked fragile as news hit the markets that the UK had voted for a Brexit.
Despite this, Cebr said that while sterling was increasingly fragile, pressure on inflation could be offset to some extent by further interest rate cuts.
However, even if consumer expenditure continues its upward trajectory over the next 18 months, the Cebr said growth will only average about half the 2.8% seen in 2015.
It’s also unclear whether this will be a short-term factor, the Cebr said.
“The decision of the UK electorate to leave the EU in yesterday’s referendum has already had far reaching effects on financial markets and the uncertainty caused by the vote will no doubt feed into the real economy over the coming weeks and months,” it said.
“Even under a vote to remain we expected a notable slowing of growth in the household sector as inflation recovered. With exchange rates set to push inflation higher, the consumer recovery looks set to fade.”
There are 0 Comment(s)
Everything you wanted to know about ISAs…but were afraid to ask
The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...
Your right to a refund if travel is affected by train strikes
There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...
Could you save money with a social broadband tariff?
Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.
What will happen if rates change
How your finances will be impacted by a rise in interest rates.
Regular Savings Calculator
Small regular contributions can build up nicely over time.
Online Savings Calculator
Work out how your online savings can build over time.
DIY investors: 10 common mistakes to avoid
For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.
Mortgage down-valuations: Tips to avoid pulling out of a house sale
Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?
Five tips for surviving a bear market mauling
The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...
Money Tips of the Week
© AE3 Media Ltd, Floor 7, Lincoln House, 296 - 300 High Holborn, London WC1V 7JH, Company.