What will the government to to help savers

Steve_xx

I sincerely hope that they can.

1echidna

No gov't would do anything other than tinker and things could get far worse if a really dire situation developed and the gov't were desperate for cash. It is a course a myth that savers are suffering in real terms in an unprecedented way.

23rdian

I think you misunderstand the role of the government. They are not in place to help you.

With the forthcoming perfect storm they are helping to create it's going to be the least of your worries.

sh856531

I sincerely hope that they can.

The idea that a conservative government would be good for the country would be (almost) laughable if it weren't actually going to happen next year.

We are *so* !!!!ed

:-(

GeorgeHowell

Gray_colt wrote: »

I totally agree! Inflations falling if u dont eat or use a car, but if u buy tvs n stuff ur quids in. Old darling wont do much in the bugy, there isnt even a fixed date 4 the buget this yr yet is there? Only after teh tax yr begins, so he might up the isa limit 4 2010 onwards. Savers have been shafted basically, this government has bent over backwards to aid the irisponsible and indebted morons, but then we look at the current situation and whos the morons really? It sure isnt borrowers!

Everything with Brown & co is first and foremost a political calaculation, and it is those irresponsible and indebted morons that are far more likely to vote Labour than the prudent and self-reliant savers who they are happy to shaft.

It is a valid point that real interest rates are what matters (ie interest rate less inflation rate). However although prices are falling according to the CPI/RPI, most ordinary people do not yet experience it as dramatically and immediately as they do the fast disappearing interest on their savings. This is because a lot of key day to day, month to month expenses, including council tax, are not falling as fast, if at all, This is partly due to the devalued £. It will take some time before the steady reduction in the CPI and RPI indices translates to an actual year over year deflation, if indeed it ever does. It remains to be seen where real interest rates end up. Certainly it it far too early to say to savers "Don't worry, you're really no worse off in terms of purchasing power.", because at the moment they are only getting the rough end of the pineapple, without tasting the pina colada.

Steve_xx

GeorgeHowell wrote: »

Everything with Brown & co is first and foremost a political calaculation, and it is those irresponsible and indebted morons that are far more likely to vote Labour than the prudent and self-reliant savers who they are happy to shaft.

It is a valid point that real interest rates are what matters (ie interest rate less inflation rate). However although prices are falling according to the CPI/RPI, most ordinary people do not yet experience it as dramatically and immediately as they do the fast disappearing interest on their savings. This is because a lot of key day to day, month to month expenses, including council tax, are not falling as fast, if at all, This is partly due to the devalued £. It will take some time before the steady reduction in the CPI and RPI indices translates to an actual year over year deflation, if indeed it ever does. It remains to be seen where real interest rates end up. Certainly it it far too early to say to savers "Don't worry, you're really no worse off in terms of purchasing power.", because at the moment they are only getting the rough end of the pineapple, without tasting the pina colada.

I can't see that prices are falling. Quite the opposite. I don't agree with what the government say about RPI/CPI, as far as I can see, prices are rising for staple foodstuffs. Milk & bread are both about 50% more expensive now than they were a year ago. Gas & electric, water, rates and travel are all more expensive than they were a year ago. So where on earth does this government get figures that portray that prices are falling?

Steve_xx

sh856531 wrote: »

The idea that a conservative government would be good for the country would be (almost) laughable if it weren't actually going to happen next year.

We are *so* !!!!ed

:-(

Who said anything about a conservative government?

However, the last time a labour government laboured its way to the bitter end, the country was all but bankrupt. When the conservatives left office the country certainly was not in that condition.

If a conservative government is returned next time there will be some austere measures taken, probably. That wont go down too well with those that like to spend money they haven't earned and it wont go down very well for the rest of us either.

sh856531

Who said anything about a conservative government?

I did - on account of them being the party that will replace labour next year...

However, the last time a labour government laboured its way to the bitter end, the country was all but bankrupt. When the conservatives left office the country certainly was not in that condition.

To be honest - I think they're all a bunch of self-serving $hits anyway. Labour, Lib dem and the conservatives.

I don't think I've heard any major figure in either party say anything substantive in years. Its all political grandstanding and sound bites.

sh856531

I don't agree with what the government say about RPI/CPI

The government doesn't say anything about RPI/CPI. Those statistics are collated and reported by the UK Statisitcs Authority, which reports to Parliament - not Government.

The statistics authority publishes all sorts of statistics - some usefull some not. The RPI/CPI are accurate at what they measure - its up to you whether you think they measure something usefull though.

:-)

Pssst

HM Government will do jack for savers.
Savers are the whipping boys not only of the have it now,have it big debtors and spenders but also of an incompetent Government. My advise to savers is to do as i do. Apply some QE. Any money that isnt making anything and that cannot be tranferred to make some money should be withdrawn. also build up some debt yourself,be it on 0% interest cards or other means.

Debt is good.

Saving is folly.