Pensioners could save this Government

For all these years of austerity HMG has been trying to get everyone to spend spend spend to get us out of the mess. But folk have no money and don't want to get in debt even if interest rates are low. They have a pensions crisis but no one wants to save because they he be no money and rates are abysmal. Yet all this is upside down. Now HMG wants to borrow money to start building. Great, good idea, but why not help poor pensioners out and get your money cheaply, how you ask. Set up special pensioner bonds offering reasonable interest rates to over 55s. They will buy in as now we get virtually nothing on our savings (less tax!).  Then with this money they can build the houses and railways etc.

It IS A fiasco

Thank you Chancellor for raising the Limit on ISAs to £15k and amalgamating Cash and Stocks & Shares Isas into the allowance, Wonder why he's raised the allowance? Well currying favour with the Grey Vote - too little too late. Savings are the lowest for along time. Why save when your money is losing value all the time, interest rates are pathetic. Tax on very lkittle is very little so he's not losing much at all.

If you wonder why people don't take up ISA's then its because

1. Interest rates are pathetic Interest on £5k or interest on £15 ? well 3 x 0 = 0
2. Banks con you - attractive rate for first year then plummets to nothing - do they tell you - well in the small print but hope by next year you've forgaotten
3. Banks con you - various restirictions - can't move from one ISA to another, no transfers in, penalties for withrawals etc.
4. Ordinary Peopl e are poor - they need their money to live. 
5. If you've more than£15k put it somewhere else 

Bet sCameron and co don't bother!

I could mention similar things about pensions - another day. 

This country has been hurt by low interest rates. Saving is the life blood - spend only when you can afford it, borrowing is what got us in this mess. If Osborne upped the savings rates in say National Savings then he'd rake in money which he could use to start the economy moving. That's the way it used to be. If everybody's borroing then where does the money actuyally come from?

Savers being abandoned

I have said exactly this before. the Government should be ashamed at its treatment of savers.

Spend it while you can.

No hope for the thrifty.

As I said before used to be you saved up and lived within your means. Not now.

With inflation at 2.8% and savings rates at less then 2% before tax you're losing money fast. 

Spend it now before you can't afford the things you want. Or live on borrowed money while its cheap. I think every body is doing but isn't that why we're in this mess?

sCameron and the Osborne Conspiracy don't get it. They are RICH after all and in with the Bankers.

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.

Interest Rate Rip Off

Isn't it about time the Government did something to help the honest thrifty people who have propped up this country for years?
I mean the more mature people who were brought up where you "saved up" before you bought anything. Not borrowing to the hilt. We see our savings dwindling now. 2 or 3 percent interest is criminal.
Inflation at 5% means your money is going down. Why save?
We thought we'd save for our future but what future? Surely they should encourage saving because sure as hell there won't be a decent pension! The only borrowing you did was your mortgage and most of us have paid that off now thank God.

We all know who's got the money - the BANKERS.