Record low interest rates and multi-billion-pound emergency support measures from the Bank of England are costing savers nearly £18 billion a year, research showed today.
Mortgage holders and wannabe first-time buyers have been warned by the Bank of England that the cost of home loans could rise due to the eurozone crisis.
Bank of England governor Sir Mervyn King has admitted more should have been done to avert the banking crisis and has urged the Government not to delay reforming the financial sector.