News Column

No saving grace

August 19, 2014

So the Bank of England has decided to leave interest rates at their current negligible level so that those with debts and low pay rises are protected.

I can understand that but what about the plight of those of us who, during their lifetime, made provision to fund their retirement? This is not necessarily the Bank of England's problem but the government can't say the same. Interest rates on savings are well below inflation and eroding daily. R Jones

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Source: Gulf Daily News (Bahrain)

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