Posts Tagged ‘economic inflation’
No Respite for Savers as Inflation Stays High
Thursday, September 30, 2010 7:19 No CommentsAs CPI inflation remained at 3.1% last month, there was no let-up for the savers.
It is indicated that basic-rate taxpayers will need a savings account that pays at least 3.88% just to break even. Higher-rate taxpayers need 5.17%, which was indicated as nigh-on impossible by the experts.
Savings will eroded in real terms as spending power [...]
