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savings hit by inflation
Published: 16/12/2009 |
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Daily Express (Main) The latest leap in the cost of living means even more savers are seeing the value of their nest eggs eroded. According to price comparison service Moneynet.co.uk, with the CPI up sharply, a basic-rate taxpayer will now need to secure an interest rate of at least 2.38 per cent to maintain the spending power of their savings pot once tax and inflation are taken into account.
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