Government is hurting the Thrify who voted for them

Yes if you have any savings spend it before its worthless. Just like Germany in the 30s. We'll need suitcases of money to shop at the supermarket.

Seriously with low interest rates even low inflation - but that is higher than interest  - is eroding your nest egg.

I thought that the idea was that Banks/Building societies raised funds from Savers by offering them interest.

When they had the funds then they lent it out to Borrowers (mortgages etc.), they pay interest.

So providing you,  (Bank/Building Society),  receive more in interest than you pay out you are profitable.

Now we have another situation the Banks (Building Societies?) get “free” money from the Government to Lend out thus they don’t need savers money. But where does the Government get its money from? I guess us? SO actually this is a win win for the banks they’ve nothing to lose hence the Fat bonuses.

It’s about time the government was told by US that they must stop and go back to the old system. If interest rates were raised then Savers would save and the money would be there to lend out. Remember the interest paid is TAXED so the government gets a cut too.

Pensioners cough up to save economy

So Mr Boles thinks Pensioners should not be immune from the cuts and sacrifice their "benefits" to save the economy?


What planet is he on? Again we have these misguided millionaire MPs with no clue about the real world. You try living on £140 a week for 2 people Mr Boles and see what sacrifices you can make to save GB?


Basically if you've worked all your life, . Saved a bit paid into a pension then retired you at least expect to be able to "enjoy" life what it is. What is there else to look forward to if then HMG looks at your income and decides to slice some more off - remember I said "paid your Tax and NI". Since when do you have to pay twice? Surely its the millionaires who should be on double tax!! Just now you're lucky to get 3% interest on your money so to keep going they have to did into their savings - where will it end. Cameron etc wants us to work longer, pay more and then get less! Don't forget the MPs haven't sacrificed their gold plated pensions just yet.


Conversely those who don't work or save nowt, no pension, retire, what do they get taken off them - NOTHING. They get ALL the Benefits - that is just not FAIR.


Pensioners did NOT cause this crisis. Look at the Billionaire Bankers with their Billion pound bonuses. TAX them at 80% to get things sorted.

Quantitative Easing? Bah

Quantitative Easing, so another £75b into the economy. Bet I don't see any of it?

I just don't know how come interest rates are HALF a percent yet Banks charge 7+ percent to lend you money. Can't be bad profit eh, they're just greedy. Don't say they're taking a risk, it goes up if your credit rating goes down. Then there's credit cards a whopping 30% interest on those. No wonder David says pay them off - I'd love to.

So next why can't the Government (us) who own the main banks get them to lend out some of the Billions we've poured into them to save them? If they (we) own them then surely to God they can make them do it? What are they afraid of.

I despair. That's why we've no money the Banks have got it and are getting more by the day.