CPI inflation continued its recent downward trend in December for the second month with a fall from 10.7% to 10.5%.

The Bank of England today increased its base rate by 50 basis points from 3% to 3.5% in a move widely expected by experts.

Six in ten (59%) investors with over £500,000 in investable assets are concerned about the threat of recession and the damage high inflation will do to their portfolios, according to a new report.

CPI inflation dropped back to 10.7% in November - from 11.1% in October - as petrol prices fell.