More than £116bn in fixed-rate savings will mature by the end of the year – leaving savers at risk of seeing their returns drop from nearly 4.5 per cent to 2.4 per cent if they slip onto variable rates.
In a climate of growing economic uncertainty, UK businesses are grappling with unprecedented challenges that have led to a significant rise in insolvencies.
There are plenty of money changes coming in August - here are the key shake-ups to be aware of including the Ofgem price cap announcement, Universal Credit migration and booze price hike.
More from us
Did you know with an ad-lite subscription to Bedford Today, you get 70% fewer ads while viewing the news that matters to you.
.jpeg?crop=3:2,smart&trim=&quality=70&width=280)
.jpeg?crop=3:2,smart&trim=&quality=70&width=280)
.jpeg?trim=0,683,0,684&crop=&quality=70&width=168)
.jpeg?crop=3:2,smart&trim=&quality=70&width=280)
.jpg?trim=0,675,0,675&crop=&quality=70&width=168)
