But you can’t help thinking that at some point the financial industry is going to have to start to attract savers again. For many people who have worked hard and saved their money they have been experiencing tough times through very poor returns. If interest rates, as you suggest, continue on a downward trend then this is set to continue. But, at the end of the day, if savers become disillusioned decide that they need to put there money elsewhere or have to use the capital to survive, where are the funds for the borrowers going to come from?

Banks need to look after the savers as well and the only way to do that is increase the interest they pay on savings accounts.