Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Uni fees force inflation to 2.7%

1 Comment
Uni fees force inflation to 2.7%

The cost of goods and services in the UK has jumped to 2.7%, according to the latest consumer price index (CPI) reading.

Inflation jumped from 2.2% in September, and was pushed up in October because of the price of university tuition fees was a key driver of the increase, the Office for National Statistics said.

The cost of food followed closely behind.

Chris Williamson, of Markit Economics, said the Bank of England is likely to react accordingly and cut its expectations going forward.

He said: 'UK inflation jumped higher in October, and further price hikes in coming months suggest that the rising cost of living will continue to act as a drag on economic growth,causing the Bank of England to revise down its growth projections, which will in turn raise the perceived need for further stimulus.' 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: UBS' robo boss on what his tween can teach the industry

Profile: UBS' robo boss on what his tween can teach the industry

Co-head of UBS SmartWealth Shane Williams explains the simple life lessons missed by the first wave of robo pioneers

Wealth Manager on Twitter