I can’t believe this . Inflation is 4.2 %
The best interest rates are abysmal .
On a virgin Isa the rate is 0.41%
How can pensioners on fixed incomes manage ?
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The Bank of England ‘s official rate is 2%
Interest rates must go up .
They will go up but they will be so far behind are savings will be losing value.
Twas ever thus! Us pensioners are the last to be considered, especially as they’ve bled us dry over our working years and now on the constantly increasing heap waiting for the grim reaper 
It isn’t for every one, but our ISA are in shares, up 9% this year, but remember they can go down.
Well done I have a stocks and shares isa too it’s gone up about 7 .8 % ( because I am too cautious ) but there is always the risk factor to consider and as you say they can go down .
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Hi
Increasing Interest Rates is not something that will happen rapidly or by much.
The economy needs low interest rates to grow and inflation is good for Government Dept, .
Bottom line …
If your income hasn’t increased by 4.1% then you are 4.1% worse off.
Boris Johnson resign now
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Hi
Spot on Bread.
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Could never fully see what good truncating the spending power of the Mortgaged Masses does, and the potential cash value to the future inheritors.