HELP FOR SAVERS

Motion Text

That this House recognises the ongoing financial difficulties faced by many working families throughout the UK; acknowledges that lower interest rates have assisted home buyers in recent years; understands that there are many more savers than mortgage holders across the nation, many of whom are senior citizens depending on the relatively low interest their savings provide to supplement their income; and calls on the Governor of the Bank of England to examine ways in which new products could be introduced and promoted to assist savers.