On Thursday, we are likely to see another notch up in the Base Rate – to 5.25 or even 5.5 per cent – as the Bank of England battles against the economic evil that is inflation. A war it was ill prepared for and one it has yet to win. Heads will roll, that’s for sure.
For many borrowers, higher interest rates are wretched news. But for savers, they provide an opportunity to earn a juicier stream of income.
Savers