There was good news during the week when
two banks announced mortgage rate cuts. Borrowers are now the happy
victims of a price war between lenders which, if they are in the market,
is great. But in the swings and roundabouts world of personal finance,
what's good for the goose definitely misses out the gander.
who haven't had much luck in the past decade or so, find themselves
once again at a loss. You'd imagine, in an environment of not only zero
returns but negative growth (once you take inflation into account, it's
costing savers to keep their money on deposit), they'd be withdrawing
cash in droves and sending it elsewhere. In actual fact, we're
increasing our savings, with around €100bn in banks, post offices and
Household net worth now exceeds t...