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A year on from the first base rate cut: Why have fixed mortgage rates inched higher and saving deals fallen drastically? The Bank of England cut the base rate twice in 8 days last March in a drastic step  Since then, savings rates have tumbled but mortgage rates have not  Deals popular with first-time buyers have actually gone up in some cases Big banks' profits have plummeted as they had to set aside billions to cover bad loans and they have seen their margins squeezed by the base rate cut   

The Treasury's much anticipated 'green savings bonds' could be a major disappointment for rate-starved savers, according to experts. Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the country's green recovery from the pandemic through bonds offered by National Savings & Investments. Details remain thin on the ground beyond the fact the bonds will be launched this summer, but figures from the Office for Budget Responsibility forecast NS&I is set to raise just £6billion from savers in 2021-22, down from £20billion this financial year. NS&I will...

The Chancellor is aiming to unlock some of the £143billion worth of lockdown savings by Britons to fund the country's green recovery from the coronavirus pandemic, the Treasury has revealed. Ordinary savers will be able to buy into 'green savings bonds' offered through National Savings & investments later this year, according to an announcement released ahead of Wednesday's Budget. More details will be revealed closer to the time of issuance, but funds raised will be 'earmarked for projects such as renewable energy and clean transportation that will help the UK build back greener and meet it...

Treasury to launch green savings bonds through NS&I: Eager savers wait to see what they'll be paid to help Britain build back better George Nixon For Thisismoney.co.uk © Provided by This Is Money MailOnline logo The Chancellor is aiming to unlock some of the £143billion worth of lockdown savings by Britons to fund the country's green recovery from the coronavirus pandemic, the Treasury has revealed. Ordinary savers will be able to buy into 'green savings bonds' offered through National Savings & investments later this year, according to an announcement released ahead of We...

Rishi Sunak: Ready to help stoke a post-lockdown boom The Government is expected to follow up its successful vaccine programme with a feel-good giveaway Budget to stimulate an economic recovery from the pandemic.  Chancellor Rishi Sunak is apparently prepared to help stoke a post-lockdown boom, and put off tax rises to pay the mammoth Covid-19 bill - at least for a while. But we might find an open-handed Budget is followed by a more sober 'Tax Day', a newly-introduced date in the financial calendar scheduled for 23 March, when consultations on future tax raids could be revealed. These might ...