money.co.uk Blog

Falling prices are good news in the short term, but it's down to us to spend our way out of recession....

Inflation fell at its fastest rate for 16 years in October down from 5.2% in September to 4.5%, a much bigger drop that most experts expected. That’s good news right? Well it is for now, for a whole host of reasons. First of all, the drop has been largely driven by falling fuel and food prices – stuff that we all need rather than luxuries, so we should all feel the benefit. The cost of a litre of petrol came down by 7.1p on average, whilst food staples such as bread, milk and meat all fell too.

So that’s the immediate good news. The other bits of good news might take a little longer to come to fruition, but they will be worth waiting for. First, the sharp drop in inflation gives the Bank of England even greater scope to aggressively cut interest rates, which many believe will fall as low as 1% in 2009.

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Is sensationalist reporting and apocalyptic political rhetoric helpful?

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Tax on energy profits would raise much needed money, but complications show that control of a basic necessity is now firmly out of our hands.

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The government and the ABI have struck a deal to ensure that most of us will be able to buy home insurance, even if our homes are at ‘significant risk’ of flooding. All well and good, but what's the catch?

The British government plans to form a database of every call, text message or email sent in the UK but are these new proposals really as controversial as they seem?

Advertisers use a big fat bag of persuasive techniques and messages to make a financial product or service look as attractive as possible. Can you see past their headline message?

When someone says "We should all waste less food" it’s very hard to disagree. Really, there is no excuse for chucking out one third of all the food we buy is there?

There are two ways to deal with a leaking bucket. You can either keep topping it up, or fix the hole…

Energy prices set to rise 40%. Maybe we should make an effort to save the planet after all…

“This two year fixed mortgage seemed like a good idea two years ago…”