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Page last updated at 08:38 GMT, Thursday, 8 January 2009

Lowering interest rates 'clobbers the saver'

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The Bank of England is widely expected to cut rates to their lowest point in the Bank's 315-year history. Correspondent Greg Wood, John Redwood, chairman of the Conservatives' Economic Competitiveness Policy Group, and Roger Bootle, managing director of Capital Economics, discuss what they think the Bank should do.

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