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Finance & Markets

Bank of England urged to slow or halt bond-selling to slash UK borrowing costs

Economists urge John Healey to press Bank to change policy that is costing the exchequer billions of pounds Economists have urged the chancellor, John Healey, to press the Bank of England to slow down its bond-selling programme that has already cost the exchequer billions of pounds. The Bank’s monetary policy committee (MPC) meets this week to not only decide the level of interest rates but also…

Bank of England urged to slow or halt bond-selling to slash UK borrowing costs

We haven't written up this one. Guardian Business has the full story — the link below goes straight to it.

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Trillions sitting idle: Here's how much money Europeans are losing on savings

Europeans are losing an average of €294 in purchasing power for every €10,000 they keep in the bank, according to a study from Revolut, which found €6.3 trillion sitting in low-yield deposits across…

  • Europeans lose trillions in potential growth due to idle savings.
  • 12 out of 20 markets have deposit rates not keeping up with inflation.
  • €422 billion in lost growth capital per year in Europe.

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