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When will savers register with politicians?

The recent confirmation that UK base rate will remain at 0.5% for the foreseeable future was well received and well flagged by the UK investment arena. However, despite assurances from many different political parties that their case would be resolved, many savers in the UK are struggling to make ends meet with their savings producing minimal income.

While there have been some changes to the taxation of savings for low-income individuals, we will only ever see a real increase in income as and when UK base rates return to higher levels. Unfortunately it would appear that the rate will remain at 0.5% for some time to come as the UK economy starts to breathe again but is yet to show any significant signs of recovery. However, as we approach the next general election there is every chance that UK savers, of which there were many, will become something of a political hot potato and likely to attract many "offers" for the future.

Savers in the UK have effectively been penalised in favour of those who have over borrowed and overspent in the past. Many people are now starting to ask whether this is justice for those who have behaved sensibly with their income and savings.

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