Why are savings rates so low in the UK?
Question asked by: mrquestion
Asked on: 11 Jan 2010
Savings rates are so low in the UK in 2009 and 2010 due to the financial crisis.
This has meant that interest rates have had to take a tumble in order to try and sort out the economy.
Whose fault the mess is varies depending on who you talk too - many blame bankers and politicians and regulators, and it seems that some unfortunate mix lead to there being too much easy money out there in the economy that has now tumbled to a crashing halt and made the rest of us ordinary people who were prudent suffer one way or the other!
By: knowitall
Replied at: 11 Jan 2010
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