As Santander slashes rates on its market-leading 123 account, will this be a lost decade for Britain’s savers? Danny Cox, a chartered financial planner who works at Hargreaves Lansdown, says Yes. The nightmare for savers continues with little sign of respite. The few bright spots, such as the Santander 123 account, are following an inevitable path of rate decline. Savers now face a lost decade of returns on their cash. Inflation rises on the horizon [...]
