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Interest rates stay down, no help for savers in the budget...

Anybody with a tracker mortgage will no doubt be happy that the Bank of England has kept interest rates at their all time low of .5% today, but there’s no light at the end of the tunnel for anybody hoping to get a good return on their savings. The media is reporting that Alistair Darling has thrown cold water over Gordon Brown’s plans to help savers in the next budget. There’s little hard detail on what exactly Brown was proposing, but it all seemed like fairly wishy-washy stuff such as increasing the amount of money you can hold in a Individual Savings Account (ISA) – which would largely be pointless because putting an extra £1,000 into an ISA...

posted on: Apr 9, 2009 | author: Lance