The Rape of Savers

Bank Interest rate has stood at 0.5% for 5 years. in 2008 the Government gave £40billion of our money to the Banks to stay alive.

Yet here we are as poor as ever and Bankers still get Million pound bonuses courtesy of you and me.

In 2005 I thought I was at that time of life to pay my mortgage off and live with a nice nest egg earning some interest. Not any more. We've not had a payrise for 5 years and nil interest has decimated our ideas. Wish I'd kept the mortgage and spent it. Now we've spent it anyway - no point saving.

What should happen is the Government should help out savers and increase savings rates then they can spend that money and reduce taxes etc. That's how it used to be. We all know to borrow to the hilt got us in this mess but its getting worse.

I despair.

No to Wind Farms

I'm still saying it - please tell your MP we don't want our Hard Earned Cash going to make the Power Companies even fatter. They can't lose. When the prices go up they only make 5% profit - boo hoo! I am sorry. Some business cannot make ANY profit!! 

We all bailed out the Banks and they still get their salaries and FAT bonuses. Why should the power companies get FAT. I mean why pay the Wind Farm operators to NOT generate electricity - they can't lose either. They get  3 times the rate for a Megawatt of power for NOT Generating -

IS THIS MAD OR WHAT?

So not the Daily Mail has seen the madness of Constraint payments and is showing what a rip off Wind Farms are.Now there is another Money Generating Scheme - Forward Trades.

Lets stop it.

When a typical energy bill is £1300 per annum and over £200 is Tax that makes nearly 20% tax you and I pay. Is this fair on the poorest and those on fixed incomes when those companies can afford to build multi million pound wind Farms to generate Multi Millions of money!