Last week saw the announcement of new measures by Chancellor Rishi Sunak designed to help reduce the increasing cost of living, following reports that inflation could average at around 7.4% or higher this year.
Despite the Office for Budget Responsibility predicting an average inflation rate of around 7.4% in 2022, many experts anticipate this number to peak in double figures by the end of the year.
To combat this, alongside a substantial cut to fuel duty, Chancellor Sunak announced a 1p income tax cut and an increase of the National Insurance threshold.
But what does all this mean for property investors?