Savings: Unexpected fall in unemployment sparks interest rate speculation

Savers suffer as savings accounts are withdrawn_istockphotoA larger than expected fall in the rate of unemployment, has led to speculation that interest rates could start to rise sooner than previously expected. The Office for National Statistics (ONS), announced this morning that unemployment dropped sharply by 167,000 in the three months to November. The number of people out of work now stands at 2.32 million, equivalent to 7.1% of the UK’s population....