Nothing for savers

LISTENING to a drivetime radio programme recently, I got the impression that the resources to finance mortgages were running out.

This has been obvious for years. All advertising is for bargains in the lending business and little for the saving sector (SSIAs excepted).

Having achieved a derisory 0.16% rate for savings (admittedly a 30-day account), what do the institutions expect? Why save? Giving more to savers would give them greater incentive and provide the money for borrowers. Government has seen this. Why can’t the institutions, the rip-off merchants, see it, too?