Bank of England raises UK interest rates, Finding by the Executive Complaints Unit

This article ended with a statement that that the savings of a growing population of older people would provide banks with “a greater pool of savings for lending to households and industry”. A reader complained that this gave a misleading impression of the nature of contemporary banking.

The implication that savings deposits formed the primary resource for bank lending was misleading, but a change to the article prior to the escalation of the complaint sufficed to resolve the issue.