Martin Lewis criticises ‘outrageous’ lag in savings rates behind borrowing rates

PA Wire

Martin Lewis has said it seems “absolutely outrageous” that the rates savers are sitting on are lagging behind the rates being charged to mortgage borrowers.

Speaking on ITV’s Good Morning Britain about the impact of rate hikes on mortgage holders, he said: “None of this is accidental. The fact that mortgage borrowers are paying a lot more is the policy.”