NS&I Reduces Rates on Premium Bonds
NS&I to reduce Premium Bonds prize fund rate. Premium Bonds are unlikely to stop the value of your money being eroded by inflation.
UK inflation rate rises to 2.9% in June 2013
The Consumer Prices Index (CPI) measure of inflation rose to 2.9% in June, according to the Office for National Statistics.
Bank of England holds interest rates and refrains from further QE
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.