BBCNEWS World Business Report June 4, 2024 04:35:00
But it's being welcomed by others who rely on income from their savings, especially retired people. ian in oldham is one of them. he's been speaking to our cost of living correspondent colletta smith. at 5.25%... yes! interest rates are up and there's plenty of people who are delighted. there's far more savers in the country than there are mortgage payers. we have had some reaction from jeremy hunt... he's got onejob. ian lives off his pension, but after squirrelling away money his whole working life, he has got a small savings pot tucked away. what impact are those rising rates having for you...