Mortgages are going up, why aren’t financial savings?

Heads of the UK’s largest banks have been summoned by the UK’s monetary watchdog over issues rates of interest on financial savings are too low.

Higher Bank of England rates of interest have led banks to place up mortgage prices, however financial savings charges will not be rising as quick – a state of affairs Chancellor Jeremy Hunt has mentioned “needs resolving”.

On the Sky News Daily, Sally Lockwood is joined by Sky’s enterprise correspondent Paul Kelso, and Danni Hewson, head of monetary evaluation at AJ Bell, to search out out what the speed disparity means for you, and if something is more likely to change any time quickly.

Click to subscribe to the Sky News Daily wherever you get your podcasts

Podcast producer: Rosie Gillott
Interviews producer: Alex Edden
Editor: Paul Stanworth