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UK Interest rates: Why there is more pain still to come

From bbc.co.uk

A run of 14 consecutive interest rate rises has brought worry and financial pain for mortgage holders - but it has also boosted savers' bank balances. Millions of people in the UK are both borrowers and savers (while some are one, or neither), so the balance - or imbalance - between the two is important for our money. Documents published after the chancellor's Autumn Statement on Wednesday give a fascinating insight as to which way the scales are shifting. This year, according to the UK's official economic watchdog the Office for Budget Responsibility (OBR), the benefit of better returns on savings has outstripped ... (full story)

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  • Category: Fundamental Analysis