How economics really affects you I The Bank of England comes for tea I Economists Rupal Patel & Jack Meaning
Studies show that basic economic literacy means doing better with money over the long-term. So we invited Bank of England economists, Rupal Patel and Jack Meaning, round to tea to ask them the big questions:
Why does inflation feel higher than it is?
Is raising interest rates the best way to bring inflation down?
Do politicians understand economics?
Should we be optimistic about the UK's future?
Thank you to everyone who sent us their questions.
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You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes.
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Below are some of the biggest investment platforms in the UK (Damo uses all of them too).
InvestEngine
Get a £25 bonus when you invest at least £100.
https://investengine.pxf.io/daOD2Q
Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link.
Trading 212
Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.
https://www.trading212.com/promocodes/MM
If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.
Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you.
Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
--
Get 45% off Blinkist after a 7-day free trial.
https://blinkist.com/makingmoney
--
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
Why does inflation feel higher than it is?
Is raising interest rates the best way to bring inflation down?
Do politicians understand economics?
Should we be optimistic about the UK's future?
Thank you to everyone who sent us their questions.
--
What's your financial health?
Take our quiz: https://makingmoneypod.scoreapp.com/
--
If you want a summary and next steps from this episode, subscribe to our newsletter: makingmoney.email/ep6
You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes.
--
Below are some of the biggest investment platforms in the UK (Damo uses all of them too).
InvestEngine
Get a £25 bonus when you invest at least £100.
https://investengine.pxf.io/daOD2Q
Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link.
Trading 212
Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.
https://www.trading212.com/promocodes/MM
If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.
Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you.
Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
--
Get 45% off Blinkist after a 7-day free trial.
https://blinkist.com/makingmoney
--
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
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