Yes good old HMG launched the Pensioner bonds paying a whopping 4% interest
ABOUT TIME TOO - but Ok if you're 65 plus!
but what about the rest of us? Remember we funded the Banks bales out to the tune of £6000 per person and interest rates plummeted to 1% or less.
If HMG want money to pay for stuff (and they do) "borrrowing" it from us in the form of savings/bonds is ideal they could at least help us out for helping them out (the Banks) saving their bacon but plunging us into recession. It been the worst 5 year in my life don't know about you?
I 've been looking and most savings account pay around 0.5 to 1.5% at best and then you have to lock it away for years.
I despair but what can we do. Nowt will happen.
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