Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Inflation Jumps To 3% Dashing Hopes Of Interest Rate Cut The Bank of England cut base interest rates from 4.75% to4.5% in February, their lowest level for 18 months and raising hopes of further cuts in 2025.But now inflation has reared its ugly head again with anunexpected rise to 3%, largely driven by higher government borrowing and spending, as well as public sector pay rises.See video version - https://youtu.be/7Sc0oL4BHdMMortgage holders and property buyers were hoping that theBank of England would continue cutting rates this year and whilst this couldstill happen there is unlikely to be a further cut when the bank’s monetarycommittee meets on 20 March.Higher interest rates have a direct impact on how much youcan borrow to buy a property, as the banks apply strict affordability criteria.However, the government has talked about easing mortgage lending to stimulatethe flagging market and help first time buyers.Higher stamp duty does NOTHING to help people who want tobuy their own home.End of tax year tipsAs