Moneynet in The Press

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why it makes sense to keep on

Published: 17/02/2009

East Anglian Daily Times (East) (Main) – 17th February 2009

  

When a Nationwide BS survey showed this week that 54% of adults believe this is a bad time to save and 51% think Government policy discourages saving, the dangers of slashing savings rates to near-zero became worrying plain.

 

Andrew Hagger at Moneynet.co.uk says:  “With base rate already down by 3.5% on the back of four consecutive cuts since last October, this further reduction rubs salt into an already gaping wound for millions of UK savers.”

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