Oh to be a saver in a country currently run by Bank of England boss Mark Carney. Oh dear, indeed.
It’s difficult, excruciatingly painful and barely rewarding.
Yes, let’s not mince our words and just spell it out as it really is. Savers are the fool guys and girls, paying a heavy price for ensuring the economy remains on track as the country meanders to the signpost labelled Brexit – and also so that our Great British banks (sarcasm intended) keep out of financial trouble. Sadly, ladies and gentlemen, there is no end to the misery that savers are enduring.
Indeed, if I were a betting man (I only have an occasional small wager during the Cheltenham Festival) saving matters are going to get a lot worse before they get better. Be warned (sorry for the bad news).
The recent halving of the base rate by the Bank of England to 0.25
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