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Digital Subscriptions > Prospect Magazine > February 2016 > DIY investor

DIY investor

How to get 6 per cent on savings

We British are apparently among the world’s worst savers. According to the Organisation for Economic Co-operation and Development, the British household savings rate is one of the lowest of the countries the organisation tracks, far behind everyone in Europe except Greece, Denmark and Portugal and also well below the United States, supposedly the world’s “consumer of last resort.” Our own Office for National Statistics reported this year that the UK savings rate is now 4.9 per cent, back within a whisker of the low it reached just before the financial crisis.

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About Prospect Magazine

In Prospect’s February issue: Lawrence Summers questions Robert J Gordon’s thesis on the impact of the digital revolution, John Sawers, the former Chief of MI6, highlights how technology is making the work of spies harder and Frank Furedi examines the student movements demanding protection from the offensive and uncomfortable. Also in this issue: Gershom Gorenberg on Israel, Ben Judah on the complexity of London and Elizabeth Pisani on the impact of fake drugs. Plus Sam Tanenhaus on Obama’s gun control plans.
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