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How to protect your savings and pension from UK inflation

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Interest rates went up again this week, and many savers will see their rates boosted as a result, but rising inflation – currently 9.4% and set to go higher – is eating away at the value of people’s nest-egg cash.As central banks around the world raise interest rates to defeat inflation, fears are growing of a full-blown recession.

So what can you do now to protect yourself from a potential hammer blow to your finances?Here we look at some of the options for protecting your nest-egg money and pension from inflation.They say gold is the traditional haven against inflation – but that has not been the case this time round.

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