S1E6: How economics really affects you

Studies show that basic economic literacy means doing better with money over the long-term. So we invited Bank of England economists, Rupal Patel and Jack Meaning, round to tea to ask them the big questions:

• Why does inflation feel higher than it is?
• Is raising interest rates the best way to bring inflation down?
• Do politicians understand economics?
• Should we be optimistic about the UK's future?

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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.