By Marcus Leach
With interest rates having been at a historic low for the last 29 months figures have revealed that savers have lost out to the tune of £43 billion, but mortgage borrowers have benefited by £51 billion.
The Bank of England's (BoE) Monetary Policy Committee (MPC) are widely expected to maintain the 0.5% interest rate today (Thursday), for what would be a thirtieth straight month.
This has caused several bodies, most notably the Institute of Directors, to call for a second round of quantitive easing, and should the rate stay the same the pressure to do so will only grow.
Figures obtained by the BBC from the BoE have revealed the contrasting fortunes of borrowers and mortgage lenders due to the interest rate.
The data for losses occurred by savers relates to figures before and after the BoE cut the interest rate to 0.5% in March 2009.
But because savings in banks and building societies are outstripped by mortgages, mortgage borrowers have gained by a wider margin.
According to the figures they have paid £51 billion less in monthly interest.
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