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.

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