Information Matrix

In an earlier post we looked at the implications for savers of the historically low interest rates in the UK. Low interest rates are a policy response to the unusual economic conditions in which the developed world currently finds itself.

The Bank of England has reduced its current bank rate to 1.5%, the lowest since it was founded in 1694.  Whilst this is good news for borrowers, it is bad news for those in retirement who are living off the interest on their savings.