Money digest: today’s need-to-know financial news | 9 March 2016

As the country wakes up to a grey, drizzly morning, news from Moneyfacts paint a gloomy picture for savers. According to the financial analysts, low interest rates and changes to savings taxation are resulting in ‘perhaps the worst Isa season on record’.

In the run-up to the end of the tax year, banks and building societies tend to improve their rates in an attempt to attract savers to the tax-free products.