Simon Lambert

So you trade in 2-1-2-1, that's got a year's bonus on it, right?

That bonus will drop off.

Interest rates have been coming down.

Now, savings rates are actually surprisingly high considering what has happened to interest rates up until the point of Iran war, right?

Which we're going to talk about in a minute of what's going to happen to interest rates next.

Savings rates, considering the base rate has come down to 3.75%, savings rates are still surprisingly high.

ISA rates are still surprisingly high.

You can get one-year fixes above 4%, for example.

This problem is not a problem that just exists when savings rates are decent.

This is a problem that existed when savings rates were, for want of another word, crap.

This was a problem that existed when we were talking about best savings rates in the half a percent area.

This is a long-term structural problem with how we are managing our money in this country.

I read some figures the other day, and I wish that I had screen grabbed this or taken a photo of it wherever I read it or something like that.

And it was something to do with the median wealth of a U.S.

investor versus a U.K.

investor.

Or it might have even been the median wealth of a U.S.

household versus a U.K.

one.

I can't remember what it was.