In recent years, it has been easy for people to believe that Inflation is not the threat it was to previous generations. If anything, inflation could be about to return just when we least expect it, especially further compounded by near Zero interest rates.
More than ever, people are starting to realise that inflation is becoming a threat to anyone that is looking to be able to afford a comfortable standard of living both now and in the future.
British businesses are experiencing thousands of pounds in extra costs as a global shortage of shipping containers continues to cause chaos with the average cost of a 40-foot container from Asia to Europe has increased from $1,752 last February to in excess of $8,000 at the end of last week. As a result, consumers face the prospect of higher prices for months to come.
The graph below illustrates a rate of inflation of 2.5% each year. That means that the purchasing power of £10,000 today could be worth just £5,394 in 25 years. The actual rate of inflation could be higher or lower.
So how can you protect & grow your wealth to reduce / eliminate the threat of inflation:
-
Review how inflation is impacting your lifestyle
-
Understand how inflation works against you and your wealth planning
-
Review & plan on how to stay ahead of inflation
-
The damaging effect that holding too much cash is costing you
Important Reading …
Inflation Rise Marks Start of Upward Trend in UK
Financial Times – FT.com
Inflation in the UK could be set to pass the Bank of England’s 2% target later this year, economists predicted, after data for January showing a slight increase driven by prices rises … click to read.
Inflation Gets Real
– Time to Adjust
Money Markets – moneymarkets.co.uk
Suddenly people are talking about inflation again. Not many of us are regular buyers of patio heaters & trampolines, so may not have realised … click to read.
Let’s Connect
Getting in touch with us is simple & easy and will not cost you anything, whereas not getting in touch with us could be costly for you in the long term.
Our offices
Blenheim House
Cheadle Hulme
Cheshire
SK8 7AB
Contact
t: 0161 482 8285
t: 0870 762 5901
enquiries@blackstonefm.com
Arden Cottage
Warwickshire
Old Warwick Road
CV35 7AD
Contact
t: 01564 762 483
t: 0870 762 5901
enquiries@blackstonefm.com
