How many times do we hear, “Interest rates are rubbish”, “They’re not what they used to be”?

Yes, it’s true. The Bank of England have interest rates at their lowest ever level since records began. However, we really must keep this in context.

The devil in disguise is inflation. Interest rates must be looked at in conjunction with inflation. Afterall, growth which is

More than ever, UK savers are struggling to prioritise their pension, with over half saying they are likely to review or reduce their pension contributions in the wake of the pandemic*.

It’s true that it can be easy to think of pension contributions as a drain on your resources. And yet, despite travel restrictions, Britons were still expected to spend £46.8bn on