True Potential: Budget 2013 sounds death-knell for cash savings

During the Budget, Chancellor George Osborne confirmed the target rate on inflation would remain at 2%, and with the government announcing it is considering extending the Funding for Lending programme, which has reduced banks' demand for retail deposits, interest rates are likely to stay at low levels for years to come, said True Potential. Mark Henderson, True Potential Investments' senior partner, said this was more bad news for people with savings in cash ISAs. "Cash ISAs have been outstripped by inflation for some time and there are no signs that this is going to change - they exi...