Who Will Save the Savers

richardlionheart

tonight BBC 1 Panorama 8.30 pm ( or iplayer shortly after )

http://news.bbc.co.uk/panorama/hi/default.stm

Trollfever

Bump ^ ^ ^ ^ ^ ^ ^ ^ ^


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RayWolfe

Another foolish program suggesting that savers are being "punished". I wonder if they understand about how inflation and interest rates interact? Doubt it, but I hope to be proved wrong.

ed123_2

..."you've got to be off your rocker to be a saver in Britain today"....quote Frank Field MP....

epsilondraconis

Quis custodiet ipsos custodes?

It's too late for the bankers...

Newly_retired

So far it's about pensions.

baby_boomer

The government will save the savers.

It will make them very safe by requiring banks & building societies to make mega future profits - at the expense of interest rates - to rebuild their capital bases.

It will pay for past safety by requiring large contributions from the banks and building societies to fund the money which has already been paid out to make savers safe.

So you may get 0.1% interest - but be thankful!

RayWolfe

The program was all about pensions and was the usual Panorama light populist drivel.
All except Jeremy Vine who was superb!!!!! Oh, and whatisface balancing on a high wire. I was glad they did that otherwise I wouldn't have known what they meant by risk. Now I am wise.

Alan_Cross

After all the sanctimonious finger pointing at the buy-to-letters, I'm afraid I have limited sympathy for these oh-so-poor savers who do nothing with their money to support commercial activity in the wider economy. We are supposed to view them as some kind of model of propriety when in fact, if we all did as they do, the global economy would have sunk without trace long before the current crisis.

Hoarders, unrealistically expecting big % interest handouts come rain or shine when others are losing their jobs.

There are always two sides to every story.

Paul_Herring

[...]I'm afraid I have limited sympathy for these oh-so-poor savers who do nothing with their money to support commercial activity in the wider economy.[...]

Hoarders, unrealistically expecting big % interest handouts come rain or shine when others are losing their jobs.

God help those that want to survive on more than the pittance the government hands out to pensioners then, or those that would rather save for purchases than rack up loads of debt. :rolleyes:

leveller2911

Alan_Cross wrote: »

After all the sanctimonious finger pointing at the buy-to-letters, I'm afraid I have limited sympathy for these oh-so-poor savers who do nothing with their money to support commercial activity in the wider economy. We are supposed to view them as some kind of model of propriety when in fact, if we all did as they do, the global economy would have sunk without trace long before the current crisis.

Hoarders, unrealistically expecting big % interest handouts come rain or shine when others are losing their jobs.

There are always two sides to every story.

Yeah thats right,lets all go out and become BTLers all on borrowed money, where is the morality there ?? as for "doing nothing with their money to support commercial activity", when savers buy shares in companies is that not support? ,giving companies the finances to expand and progress.Just think of what your actually saying, if there were no savers then where is the money,the finance to do anything,you dont magic it out of thin air.

No sympathy for an elderly pensioner who has worked hard all their life,paid into the system,saved so as not to be a burden on society ,now seeing their previous small income from savings now wiped out.........????

HEARTLESS KNOB :eek: Can we deduce from your posting your an amateur BTL landlord ,soon to be skint???