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Midshires questions lack of help for savers in Budget

Birmingham Midshires chief executive Ian Kerr has hit at out at the Budget for failing to help savers.


He says: &#34Savers are the big losers in the Budget, which puts more money in their pockets, but gives them no incentive to save for a rainy day.


The society is would have liked to have seen the new 10 per cent income tax rate extended to savings products.


Kerr adds: &#34Savers who outnumber investors by seven to one, have felt the brunt of recent interest rate cuts, with returns falling by almost a third since the start of November.&#34

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