Savers 'lose £40 billion' in two years
Interest rates have remained unchanged again at 0.5 percent.
The news comes as new figures from the Bank of England suggest that savers have lost more than £40bn because of low interest rates during the past two and a half years.
But those losses are mirrored by dramatic gains, amounting to more than £50bn, for mortgage borrowers who have paid less in interest on their loans during the same period.
Simon Gompertz reports.
08 Sep 2011
- From the section UK