For the second time this year, UK inflation has hit double digits and investors are waiting to see how bold the Bank of England's next move will be.

According to data from the Office for National Statistics, the UK Consumer Prices Index rose by 10.1% on the 19th of October.

Deepbridge Capital's Andrew Aldridge, Partner & Chief of Marketing has recently been featured in IFA Magazine with his letter to our new Prime Minister, Liz Truss.

Andrew Aldridge, Partner & Chief of Marketing wrote:

"Dear Liz,

The UK Government's tax authority has released its annual Inheritance Tax (IHT) receipts, with latest figures from HM Revenue and Customs showing that it raised £2.9 billion ($3.3 billion) in IHT receipts over the period April to the end of August 2022. 

An increase of £300 million from the same period the year prior. The rise and fall in revenues can highlight whether measure to mitigate the impact of IHT work or not; they also reflect changes to asset values - often a hot political issue as more people get dragged into the tax net.