Anyone withdrawing savings due to 1% base rate?

sh856531

VOTE BROWN OUT....VOTE BROWN OUT....VOTE BROWN OUT

Stavros,

Whilst I agree that Brown is pretty much a total tool and should never have been anoited, do you really think the Conservatives in particualar would have done any better?

Cameron and that douchbag shadow chancellor of his really scare the crap out of me. Have you ever watched Cameron take on Brown at PMQT? It's just gibberish, half truths and white noise. I can't remember the last time I saw Cameron ask a legitmate question that wasn't just grandstaning and badly acted political theater.

The liberals on the other hand - although I'm probably more a left of center kind of guy, are probably even more interventionist than Labour which means they'd probably !!!! you off even more. Whilst I'd like them to become more of a force in politics, I'd be pretty worried about what they would do in the medium to long term.

God help us all

:-)

gozomark

Pssst wrote: »

Nope ,the Pyrrhic victory to which i refer is the one in which ,although you would have lost any amount of pitiful interest that bansk might pay,you would at least have denied them free use of your money,so not participating in the scapegoating of prudent savers to bail out reckless banks and individual members of society who are much less prudent in many cases.

a pyrrhic victory is one won, but at devastating personal cost - losing "pitiful interest" does not in my mind amount to a devastating cost, whereas loss of your money in a fire after putting it under your mattress would

Pssst

Its ok,i have a very good safe which is very heavy and very secure. I bought it a couple of months back. It currently has a wad of notes in it as big as a housebrick.

gozomark

1. in that case you aren't expecting a pyrric victory unless you are planning a bonfire - that would be a textbook pyrric victory :-)
2. whats your full address again ?

Ken68

Stavros wrote: »

I have switched every penny in my cash Isa's to stocks and share Isa's.
The sooner Brown and co and kicked out the better, Savers have been shafted at the ineptitude of the banking industry and government
VOTE BROWN OUT....VOTE BROWN OUT....VOTE BROWN OUT

Who you gonna vote in then....the banks and brewers back the other side, and until the global crisis Gordon was a good chancellor.

gozomark

Ken68 wrote: »

Who you gonna vote in then....the banks and brewers back the other side, and until the global crisis Gordon was a good chancellor.

I'd say was perceived to be a good chancellor rather than was a good chancellor, in the same way Greenspan was perceived to be a good Fed Chairman - both their reputations are being revised in the light of whats happened in the last year or so, given some of the blme must be allocated to their decisions over the last 10 plus years

Pyewacket338

save-a-lot wrote: »

I have not got a £100K, but I have a pretty decent pot of in ISAs and some fixed rate bonds and also shares.. and I would prefer to see my money working as hard as it can. Drawing down the mortgage, and mine is at 4.67% saves me the interest at that rate as I would be drawing down the capital of the loan

I paid off my mortgage but have the option of taking the payment back anytime over the remaining period of the term, that way I get the maximum return but can still fall back on the capital should I need it.
Deal is with Northern Rock.

sh856531

and until the global crisis Gordon was a good chancellor.

I used to think that as well until I realised that that 3% economic growth he was always boasting about at the budget each year was just horsecrap bought with borrowed money. 3% growth my !!!!! - it was all just idiots borrowing ridiculous amounts of money to buy !!!!!! they didnt need nor deserve. It was all just hot air and unrestrained consumption.

Were we really 3% more productive each year? No. Were we really 3% more inventive and innovative each year. No. Were we really 3% richer each year? What do you think?

As such I've come to the conclusion that Brown as a good chancellor was just a convienient fiction bought with borrowed money that now everyone has to pay back - whether you borrowed it or not

:-(

Best Regards

Paulee

sh856531 wrote: »

I used to think that as well until I realised that that 3% economic growth he was always boasting about at the budget each year was just horsecrap bought with borrowed money. 3% growth my !!!!! - it was all just idiots borrowing ridiculous amounts of money to buy !!!!!! they didnt need nor deserve. It was all just hot air and unrestrained consumption.

Were we really 3% more productive each year? No. Were we really 3% more inventive and innovative each year. No. Were we really 3% richer each year? What do you think?

As such I've come to the conclusion that Brown as a good chancellor was just a convienient fiction bought with borrowed money that now everyone has to pay back - whether you borrowed it or not

:-(

Best Regards

I couldn't agree more. I was told years ago (funnily enough by my old fashioned, totally reliable and now retired bank manager) that Brown's success was not genuine and that we were getting hopelessly in debt. Unfortunately this was indeed the case. Problem is, I have no confidence in ANY individual or party to improve things for the future. I also have a deep distrust of the EU and see similarities with the fat cat bankers (and politicians) throughout this system - you only need to look at the likes of the Ki**ocks etc etc.

Old_Slaphead

Ken68 wrote: »

Who you gonna vote in then....the banks and brewers back the other side, and until the global crisis Gordon was a good chancellor.

Brown a good chancellor - you're living in la-la land. Obviously taken in by the spin meisters.

I always thought that the guy was out of his depth. The only thing in 10 or so years I originally gave him credit for was BoE independance but even thats come back to bite him on the ****.

Tell me, what has GB done to give people the impression that he was any good????