Protests outside Bank of England as savers fear rising inflation

Protesters smashed a giant papier mache piggy bank to highlight the effect of inflation on savers.

The combination of low interest rates and high inflation has seen savers struggling to achieve a good return on their investments and the group fears quantitative easing will make the situation worse.

Campaign spokesman Simon Rose said: "The Government know that they can take advantage of savers because they don't really have a voice."

According to price comparison website Moneyfacts, "to beat inflation a basic-rate taxpayer needs to find an account paying 5.63 per cent."

Source: http://telegraph.feedsportal.com/c/32726/f/568312/s/19163ac7/l/0L0Stelegraph0O0Cfinance0Cpersonalfinance0Csavings0C88110A930CProtests0Eoutside0EBank0Eof0EEngland0Eas0Esavers0Efear0Erising0Einflation0Bhtml/story01.htm

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