Inflation: Misery for savers as no fixed rate bonds beat inflation

iStock_000001293543_ExtraSmallThe news yesterday that the rate of inflation rose in May heaped more misery on struggling savers, most of whom will now find it impossible to get a real return on their savings. Figures from the Office for National Statistics (ONS), show the Consumer Prices Index (CPI) rose to 2.7% in May, up from 2.4% in April. The rise was in line with predictions from experts, with the Bank of England also suggesting that inflation could hit 3% before the end ...

RBS: Investors launch stinging attack

RBSInvestors have launched a stinging attack on the Royal Bank of Scotland (RBS) an action group has confirmed. Compensation A large group of investors of around 12,000 people have launched a stunning attack on RBS, which is set to cost the bank around £3.5 billion in compensation. Among the group of wealthy investors, 90 institutions are also suing the bank; these include charities, churches and private client brokers. The collection of investors believe they were lied to, to cover up the overall financial health of the bank before it ...