Reader predictions for 2016: what will happen to house prices, inflation, Base Rate, wages, the FTSE 100?
From house prices to the stock market, we want to know what you think will happen in the year ahead!
It’s time to get your crystal ball out. We want to know what the loveMONEY readers think will happen in the following areas over the next 12 months.
House prices
The housing market had an impressive 2015, with house prices jumping by 9.5% over the year according to the latest figures from Halifax. That leaves them on a record high of £208,286 on average.
But what do the next 12 months have in store?
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Base Rate
The Base Rate remains at its record low of 0.5%, though last year did see some members of the Bank of England’s Monetary Policy Committee – which sets the rates – vote in favour of a rise.
What do you think will happen to Base Rate during 2016?
Inflation
Inflation actually dipped into negative territory a couple of times in 2015, meaning the cost of living actually dropped compared to the year before.
Will we see a similar story this year? What do you think?
Wages
According to the most recent figures from the Office for National Statistics, the average weekly earnings hit £493 in October 2015, up by 1.9% on the same point a year before.
But where will that figure stand by the end of 2016?
FTSE 100
The last 12 months have been incredibly turbulent for the stock market, with the FTSE 100 hitting a new record high last April, before slumping sharply to finish the year down by almost 8%.
What do you think the next 12 months have in store for the FTSE 100?
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