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

The world’s largest economy contracted by an annualised rate of 1.4% in the first three months of this year. The sharp drop follows growth of over 6% in the final quarter of 2021. Business insolvencies in England and Wales jump to 60 year high. Rapid increase in voluntary liquidation is driven by inflation and supply chain difficulties. World Bank warns of human food catastrophe and war causes shortages and soaring prices. Food prices are now at the highest rate since UN Food Index tracking records began 60 years ago after jumping 13% in March. Watch video version What does inflation mean to you? The costs of goods and services has risen by 49.4% since 2010, which means you need £14,936 to have the same buying power as £10,000 in 2010. Stock Markets jittery Stock markets in Europe and Asia fell sharply this week at n fears of Chinese lockdowns but later recovered. House prices still rising in the UK A shortage of family homes continues to drive up demand despite recent interest rate rises. 3 quick tips to GET