Heads of the UK’s largest banks have been summoned by the UK’s monetary watchdog over considerations rates of interest on financial savings are too low.
Higher Bank of England rates of interest have led banks to place up mortgage prices, however financial savings charges aren’t rising as quick – a scenario Chancellor Jeremy Hunt has stated “needs resolving”.
On the Sky News Daily, Sally Lockwood is joined by Sky’s enterprise correspondent Paul Kelso, and Danni Hewson, head of economic evaluation at AJ Bell, to search out out what the speed disparity means for you, and if something is prone to change any time quickly.
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Podcast producer: Rosie Gillott
Interviews producer: Alex Edden
Editor: Paul Stanworth
Content Source: information.sky.com