Emily Braeger

2 days ago | inews.co.uk | Emily Braeger

Tariffs may play a role in lowering inflation in the UK by dampening global demand and boosting the value of the pound, a Bank of England rate setter has said. Megan Greene, an external member of the Bank’s Monetary Policy Committee (MPC), said she believes that the impact of tariffs on inflation is more likely to be disinflationary than inflationary, pointing to their influence in her decision to vote for a 0.25 percentage point base rate cut last week.

2 days ago | inews.co.uk | Emily Braeger

Further interest rate cuts will not happen unless wage growth slows materially, a Bank of England rate-setter has warned. Clare Lombardelli, the Bank’s deputy governor for monetary policy, said that while inflation has been falling, earnings are still rising too fast to be consistent with bringing it back to its two per cent target sustainably.

4 days ago | inews.co.uk | Emily Braeger

In our weekly series, readers can email in with any financial dilemma and enter the Money Moral Maze. Are your friends racking up big drinks tabs and then trying to split the bill equally? Is your partner overspending on your joint account? No matter your dilemma, email in anonymously, and The i Paper’s money and business team will do our best to answer. This week’s dilemma can be found below – email us at [email protected] with yours.

5 days ago | inews.co.uk | Emily Braeger

People living in Northern Ireland and the North-East of England are among those at greater risk of hardship in old age, according to a breakdown of current retirement savings across the UK. About half of the people living in these parts of the country could struggle to keep up with household bills in retirement.

6 days ago | inews.co.uk | Emily Braeger

Those approaching retirement who want to secure a steady income each year should consider getting an annuity now before interest rates fall again, experts have said. Retirees who have defined contribution (DC) pensions – the most common type – can buy a set annual income for life in retirement with their savings. This is known as buying an annuity, but the yearly payment you can buy with your savings fluctuates depending on several factors.