Cash is arguably the worst long-term income investment available today. Certainly, the near-term outlook for savers appears to be rosy. Inflation remains above the Bank of England’s 2pc target, while the economy expanded by 0.6pc in the first quarter of the year. Both of these factors mean that rapid interest rate cuts – which would reduce the current 5pc-plus returns available on cash – have become less likely.
Rishi Sunak has been criticised by Britain’s statistics watchdog amid a bitter row over his claim that Labour will impose a £2,000 tax rise on every working family.
Elon Musk’s Starship has successfully returned to Earth for the first time, completing its fourth mission and several critical tests before splashing into the ocean.
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