"A stealth raid by the Bank of England has stripped savers of more than £170billion, a Money Mail investigation can reveal."By slashing the base rate to a record low of 0.5% and allowing the cost of living to soar for more than four years, the Bank has whittled away the value of cash sitting in High Street accounts through a 'secret tax'."And it is not just savers who have effectively had their money pinched. Anyone who has a fixed monthly income, such as pensioners, or has had a tiny pay rise, has also lost out."
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