There’s another aspect of the Covid-19 pandemic having a profound effect on all our lives, be we pensioners, first-time savers, seasoned investors, or borrowers: the destruction of the interest rate.

For a good part of the 20th century, you could get a return on your money by simply sticking it in the bank. Buying bonds was de rigueur for any pension or market portfolio...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now