Speaking to BBC 5 Live Breakfast, Headlam (A financial advisor) explains what the latest figures mean: “Stuff is still 4% more expensive than it might have been and twice as expensive as the bank’s target of 2% inflation.”
So if STUFF was £100 at 4% inflation it would now be £104. If it was at 2% it would be £102 . £104 is not twice as expensive as £102. That's one financial advisor i'd steer clear of.
Being charitable it could just be a brain fart but the BBC thought it was ok to quote without a correction.
So if STUFF was £100 at 4% inflation it would now be £104. If it was at 2% it would be £102 . £104 is not twice as expensive as £102. That's one financial advisor i'd steer clear of.
Being charitable it could just be a brain fart but the BBC thought it was ok to quote without a correction.