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    #2 - Guzzler, sorry you are wrong mate. QE2 is forcing down savings interest rates, in particular driving down gilt rates and it is 15 years gilts that are a factor in annuity rates. As I tried to explain, there will be a growing gap between savings rates and debt rates because higher inflation will drive them up.

    In addition high inflation means that the value of money held on deposit is and will be falling in buying power at an ever faster rate, even if interest is rolled up.

    As for the State Pension - it does you no good at all either as any increase is offset by higher prices. Wages are also depressed from a weak economy so the new NAE link will not benefit you.

    Sorry but the news is all bad for borrowers, pensioners and savers alike. Unless, that is....

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