Moneynet in The Press

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bank of england accused of ‘assault’ on savers

Published: 05/02/2009

Telegraph.co.uk – 5th February 2006

  

Consumer group and trade bodies expressed anger at the latest 0.5 per cent reduction, arguing that it penalised savers, while doing little to help the majority of borrowers.

 

Andrew Hagger, of Moneynet.co.uk, said:  ‘Pensioners and those who rely on a monthly income from their nest egg to supplement their income are being driven to despair as they are increasingly forced to dig into their capital just to make ends meet.’

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