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Britons Hit Hardest by Inflation
14/03/2011
It has been recently reported in the National Press that inflation on food anf fuel is hitting consumers in the UK harder than in any other country.
Chancellor George Osbourne said, at the G20 summit of world leaders in Paris, that the rise in inflation to 4% had been partly driven by the fall in the value of the pound and the weakness of sterling had been inevitable because the British economy was riding an unsustainable wave of growth fuelled by high levels of debt.
He also stated that the depreciation of the pound has happened because the UK is overpriced in the world and a rebalancing act had to happen. This has resulted in oil and food prices rising at a greater rate in the UK than in other countries around the world.
Homeowners aged over 55 years who are concerned about the level of inflation and would like to know how much money the value of their property could release to help increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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