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Georgie Frost

This Is Money: Inflation hits double digits for the first time since 1982: How does today compare to 40 years ago?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: Inflation hits double digits for the first time since 1982: How does today compare to 40 years ago?
Inflation is up again with CPI now measured at 10.1%, the highest since February 1982, when Margaret Thatcher was Prime Minister. How does this bout of inflation compare to then? Lee Boyce, Helen Crane and Georgie Frost discuss the higher than forecast inflation rate and what is driving it. With that rate of inflation soaring, a majority of economists believe another 0.5% increase in base rate is on the cards next month. But what would a base rate of 3%, 5% or 7% do to mortgage rates and property prices? Britons are estimated to have billions 'lost' in pension, investment and bank accounts – how do you go about tracking it down? And, with thousands of students opening their A Level results this week, Lee reveals how he has already built a £10,000 investment pot for his three-year-old, in case she decides to go into further education.

Guest: Helen Crane