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Abolish tax on savings

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Comments

  • Geoff_W
    Geoff_W Posts: 249 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Aegis wrote: »
    Those who saw the rate cuts coming a mile off have mostly been locking in their savings to fixed term accounts for 1 or more years, so they'll be getting rates above the base for some time to come.

    Some of us certainly saw the rate cuts coming, but unfortunately our liquid assets are still trapped in Icesave accounts. By the time we get our money back there won't be any decent deals left.
  • john_s_2
    john_s_2 Posts: 698 Forumite
    Geoff_W wrote: »
    Some of us certainly saw the rate cuts coming, but unfortunately our liquid assets are still trapped in Icesave accounts. By the time we get our money back there won't be any decent deals left.

    With respect, you can't complain (not that you were complaining as such). The UK Government is bailing Icesave savers out when there's no obligation for them to do so.

    Better than a tax cut any day I'd have thought!
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