Northern Rock savers to lose 100% guarantee in three months-papers

The guarantee was introduced in the autumn of 2007 as the Government sought to stabilise the bank, reports the BBC. The Government said the change will take place on 24 May. Savers will still benefit from the £50,000 guarantee to all savers under the Financial Services Compensation Scheme (FSCS). Read more THE IMF has warned the rich world should hold off from slashing budget deficits and exiting radical monetary policy for another year, reports The Telegraph. In a paper, which will be characterised as a blow for the Conservative party, the IMF said countries risked sparking a pote...