Investing in shares over the long term gives you a better chance of beating inflation than keeping your cash in a savings account, because the value of your stocks and the dividend income may rise.
Inflation erodes the value of cash left in savings accounts offering uncompetitive interest rates below the rate of inflation.
Dormant: Bank of England figures show that as much as £274bn of our cash lies languishing in accounts that pay no interest whatsoever.
Toxic: Stagflation is a mix of low output, high unemployment and stubbornly rising prices that can inflict damage on businesses and depress share prices.
Hikes: Many UK businesses are already being hit by steeper labour costs courtesy of Chancellor Rachel Reeves (pictured).
