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Clown raises bank savings guarantee to £50,000

Gordon Brown has confirmed that the government plans to raise the guarantee for bank savings to £50,000 from £35,000 in a new banking law.

Clown: "Crivens! Are them new printing presses working?"
BoE: "£50 notes are showering down like confetti!"
Clown: "Excellent...the English middle-class will be broken by my inflation! Hoots!"

Comments

  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Not yet just soon?

    Brown confirmed the increase would be included in banking reforms to be put to parliament soon.

    Soon is clearly open to interpretation. My guess is 2-weeks before the next election, or perhaps I am just cynical?
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • tradetime
    tradetime Posts: 3,200 Forumite
    FDIC requesting to raise US savers guarantee from $100,000 to $250,000.
    http://www.bloomberg.com/apps/news?pid=20601087&sid=ayB4IpkH_MkY&refer=home
    Hope for the best.....Plan for the worst!

    "Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown
  • Makes me laugh, whatever is done, there is always someone ready to moan.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Only the Mail would have prefixed its headline about extra protection with 'Should we be worried?'

    And what it has to do with inflation is a mystery to me.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
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