Savers missing out on £44.5bn

There was bad news for savers this week as the Bank of England Monetary Policy Committee (MPC) confirmed that the base rate - on which savers' rates of return rely - will remain at 0.5% for another month.

Pressure group Save our Savers claims that Britain's savers are losing out on £44.5 billion due to the gulf between this rate and the current level of inflation.