Tag: premium bonds

Lack of interest makes me gamble

Today the Bank of England will get on with their string pushing efforts in an attempt to revive the economy, they will fail. At the moment all interest rate cuts have done is steal money from savers and they haven’t benefited borrowers whose rates remain HIGHER than the same time last year. As savers outnumber borrowers six to one, all the rate cuts seem to have done is impoverish the prudent. With cash now trash, I fancy a gamble with …