Your business may be worth more than you think! Certainly, a pound in your pocket now has incredible potential. These two factors can create endless possibilities.
Over the last 5 years, the inflation rate has been virtually non-existent. Ranging between 1.01 % and 2.29%. This year inflation may fall into that same trend. However, it has been predicted by many that the inflation rate could escalate beyond this trend in 2022. In 1975 the inflation rate was 24.21%. Could it be possible to see that level again? Maybe not – but it could get to 10%.
If the inflation rate increases to 10% then it is very possible that your business could stagnate due to your supplier costs spiralling out of control. If you sold your business today and invested in the UK housing market, which is predicted to have dynamic growth from 2022 onwards, your wealth could outpace inflation and give you a very happy lifestyle.