Future of savings rates over the next 2 years

Sheriff_Fatmen

the first graph on this link effectively tells you what the markets' expectation for instant access rates are for the next 40 years

Yield curves | Bank of England

Ocelot

subjecttocontract said:

 I think a Labour win at the GE will likely affect interest rates adversely for mortgage holders, increase taxes and hit us all in our pockets but a Labour win is pure fiction at the moment.

Why do you think that? The Tories have effectively raised taxes themselves by freezing tax thresholds for years.

sevenhills

subjecttocontract said:

 I think a Labour win at the GE will likely affect interest rates adversely for mortgage holders, increase taxes and hit us all in our pockets but a Labour win is pure fiction at the moment.

Surely increasing taxes will take money out of the economy, in the same way that increasing interest rates does. So higher taxes would mean that there is no need for increasing interest rates.

https://www.hl.co.uk/news/articles/Oil-price-spikes-what-does-it-mean-for-inflation-and-the-stock-market?utm_campaign=EOG56 - What does the oil price spike mean for inflation and the stock market?&utm_source=AdobeCampaign&utm_medium=email&theSource=EOG56&e_cti=7904880&e_ct=T&Override=1&deliveryName=DM122738