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British savers still suffer from a lack of knowledge about the effects of inflation and tax on their savings when choosing the right nest egg for their money, despite wide coverage of the credit crunch and its implications, according to research from NS&I (National Savings and Investments), the government-backed savings and investments organisation.
Proposed merger of Abbey and Alliance & Leicester. The merger of these two high street names will likely briefly bring increased confidence to the industry. However, it will also bring further reduction in consumer choice, which is already under pressure and has seen significant reductions, particularly in the mortgage market.
