INTEREST RATES FOR SAVERS

Early day motion 1461, tabled 16 February 2011 by Gregory Campbell (DUP). Signed by 11 members.

That this House notes the regularity of the warnings from a range of economists regarding the Bank of England's need to raise interest rates to combat rising inflation; and calls on banks and other financial institutions, once any increase in the base rate is announced, to increase their rates for savers accordingly given that there are six times more savers in the UK than those with mortgages, and many of those savers are elderly and depend on the interest from their savings to supplement their pension income.

Signatures by party: DUP 4, Liberal Democrat 4, Alliance 1, Conservative 1, Social Democratic and Labour Party 1.