Darling to announce more protection for savers.

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

pisces replied

1 July 2008, 18:45
Why are you reading that lefty **** of a paper ?
Leave a comment:
DimPrawn started a topic Darling to announce more protection for savers.

1 July 2008, 09:25
Darling to announce more protection for savers.

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.
Tags: None