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Sector Analysis
UK Savings 2018: Review, Forecasts, and Future Opportunities
The UK retail savings market has been characterized by low levels of competition and low returns for several years. However, both competition and returns are increasing, albeit incrementally. Interest differentials between sight and time deposits are now diverging after a period of convergence. The end of cheap funding for banks has led to a steady increase in interest rates, but consumer inertia still prevails to the benefit of the big four banks (Barclays, HSBC, Lloyds Banking Group, and RBS Group)....