Savings Tips for Brits

The Bank of England’s recent announcement on interest rates represented a double-edged sword for savers. Under the new leadership of Mark Carney, the bank unveiled a radical new policy of ‘forward guidance’ that promises to keep rates on hold until official unemployment figures fall from their current rate of 7.8% to 7%. According to the bank’s predictions, this could see interest rates remain at ultra-low levels until after the 2015 General Election. 

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