This week the Chief Economist at the Bank of England suggested that UK inflation could be heading toward 4% this year. That is bad news for savers, who – with an annual average interest rate of 0.64% – could see the value of their savings inflated away by 3.36% each year in real terms...
This week the Chief Economist at the Bank of England suggested that UK inflation could be heading toward 4% this year. That is bad news for savers, who – with an annual average interest rate of 0.64% – could see the value of their savings inflated away by 3.36% each year in real terms…
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