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Peer2Peer Finance News | August 21, 2018

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savings

Base rate rise won’t ease saver woes, say P2P firms

August 2, 2018 |

PEER-TO-PEER lenders have warned that savers are unlikely to benefit from the latest interest rate hike.

The Bank of England’s monetary policy committee (MPC) voted on Thursday to raise the base rate from 0.5 per cent to 0.75 per cent … Read More

MPs call for review on impact of savings tax reliefs

July 26, 2018 |

TAX relief on ISAs and pensions is failing to stimulate savings, MPs have warned.

A Treasury select committee report on household savings found many households are lacking any “rainy day” buffers, but said current products were not helping.

The report, … Read More