Although interest rates are at historical lows - basically you earn nothing now by saving - the UK is in huge debt as a result of the Covid-19 pandemic. The focus in the short term is economic recovery and this will no doubt be the focus of the UK budget next week.
In the longer term, debts have to be repaid and interest rates will go up. The UK chancellor has a difficult job now and in the years ahead. I hope he can come up with a fair way.
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