One of the biggest developing social issues is the divide between the internet haves and have-nots, ...
One of the biggest developing social issues is the divide between the internet haves and have-nots, and now Halifax says that UK consumers are missing out on up to £200m in interest annually because of lack of access to online bank accounts that pay more interest than traditional high street bank accounts.
That means 20 million people, likely to be those the government most wants to target to close the savings gap, have no access to online banking services that could help them save more money more quickly.
"For lots of those people the additional interest paid could really make the difference," Halifax head of savings Nigel Payne says.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected