http://www.guardian.co.uk/money/2008.../savings.banks
The chancellor, Alistair Darling, is set to announce new measures today aimed at protecting savers' bank deposits.
The Treasury said the Banking Reform document follows consultation launched in January over measures to improve financial stability.
Darling could reveal a rise in the threshold of guaranteed deposits from £35,000 to £50,000 - a drop from the £100,000 suggested last November.
Now, this will cost all the banks bigger up front bonds, and reduce the amount of money available to lenders. So I can see the cost of lending rising again after this.
Good news for savers though.
The chancellor, Alistair Darling, is set to announce new measures today aimed at protecting savers' bank deposits.
The Treasury said the Banking Reform document follows consultation launched in January over measures to improve financial stability.
Darling could reveal a rise in the threshold of guaranteed deposits from £35,000 to £50,000 - a drop from the £100,000 suggested last November.
Now, this will cost all the banks bigger up front bonds, and reduce the amount of money available to lenders. So I can see the cost of lending rising again after this.
Good news for savers though.
Comment