Sunday, 8 March 2009

Half a million OAPs pay price of rate cuts

This is the title of a very disturbing article by points out that the country's 8.5m pensioners with savings have lost massively through the base rate collapsing from 5% in October to 0.5% last week. This, they claim would push a further 50,000 older people below the poverty line - bringing the total in the past six months to an estimated 500,000.

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