Banks Urged To Raise Rates
Save Our Savers group have wrote to every member of the Bank of England’s rate-setting committee asking them to raise the interest rates.
The group are angry because the value of savings have fallen by £50bn in the last year because of the base rate remaining at 0.5%.
The letter said, “For many this is not a temporary setback. Its effect will permanently reduce the value of their future income,”
Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;