There is good news for everyone that the UK inflation figure for January has fallen to 3.6% which is down from 4.2% in December.

Lower inflation will help to keep interest rates down and take the pressure off the Bank of England to increase the Bank rate. However the downside is that unemployment in the UK is set to rise and for pay to remain level. The recovery is going to take time so everyone needs to budget carefully and plan for future expenses as wisely as possible. Have you a household budget plan? It’s the best way to make sure that you have your expenses under control.

It’s also a good time to look at your mortgage and make sure that you are on a deal that is most suitable for you. Please call Roland Millward Mortgage Broker for a no obligation discussion.