The Economy & How Things Work
Only a small proportion of people take Economics as a subject at school and where else would we learn about the way in which governments of all colours spend the money they take from us in tax.
The Economy
Answering the fundamental questions about the economy, how interest rates and inflation (RPI) interact, how are they measured. The sort of thing we hear on the news and say to ourselves “I should really understand how that works”
RPI – The Retail Price Index and its sister CPI – The consumer Price Index
We hear the terms RPI & CPI a lot in our lives, they affect everything we buy and the retirement income we receive. We explain these key terms and the impact they have on our lives. Understanding these key terms helps us to make informed choices on mortgages and retirement options, not just why prices increase in the supermarket.
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