SOS Save Our Savers

bendix

The reason he has such a baptism of fire is largely due to the fact that his campaign is so obviously self-serving, a to h**l with everyone else.

Biggles

bendix wrote: »

The reason he has such a baptism of fire is largely due to the fact that his campaign is so obviously self-serving, a to h**l with everyone else.

.. and, presumably, is publicising his own website?

Robert_Kent

Reaper – thanks for your supportive words but I now turn in my password to the MSE forum.

I understand your comment on the standard economic model being followed by the government at present but following many economics commentators here and abroad I simply don’t see it as the solution now. In a land if not a world of diminishing resources, price inflation is unavoidable and not necessarily linked to economic wellbeing. Given the parlous state of the UK economy going forward and our uncompetitive ness in a global market I doubt that salaries will be able to continue to follow in line. I fear we face a good number of difficult years ahead and I am not convinced we will be able to “spend” ourselves into a real and lasting recovery – and certainly not by spending from borrowing.

Some posters here maintain my comments are wholly self serving – they are not - I have a real concern that absent a radical change in thinking our children / grandchildren will unfairly inherit the costs of this generation’s excesses. I also have quite elderly parents that have always lived within their means, carefully provided for themselves in retirement and who are dependent upon accumulated savings to supplement an increasing cost of living.

Would perhaps have been nice to trade thoughts with you further but clearly there are posters here that have no interest in views that diverge even slightly from their own narrow perspectives. Some even “churn out” messages and opinions with the apparent ease of a US washing machine.

I should point out again that I have no connection whatsoever with the campaign other than I have registered to it as I believe it has merit. Others can make their own minds up.

Incidentally as a newcomer I’ve just discovered the “user thank you” facility – interesting that so few actually utilise this and seemingly always for the same posters !

Noble_Savage

I think it's a great pity that you feel you need to withdraw from the debate, and a little ironic that you are castigating others for expressing views contrary to your own. If the campaign's stated aims cannot be expressed clearly, or crumble at the smallest amount of questioning, I would suggest that it's not going to be anything more than a feelgood exercise for the people involved.

I am, as you've probably guessed, somewhat sceptical of the Save Our Savers campaign. At no point has it been clear exactly what the campaign is there to do. It sounds to me very much like someone came up with the group's name first, then people got on board and momentum grew until the campaign was launched. It makes great headlines, however at no point has anyone considered the wider implications of what was being asked for. The campaign website itself really doesn't make this clear, being full of high-minded objectives but low on actual detail.

You are, by the way, aware that Save Our Savers is an income-generating venture, aren't you? Nothing wrong with that per se - even MSE has to make money - but let's not kid ourselves that the campaign's aims are wholly altruistic.

It's a pity that this campaign has got off so half-cocked because there's an argument that says savers do need to be protected. Protected from a range of things that can actually be influenced, not least perhaps the marketing practices or service standards of some deposit-takers. That would have been something to sign up for.

gozomark

Robert - what level do you think Base Rate should have been over the last year , and now ?

meggsy

http://www.dailymail.co.uk/money/article-1246289/Its-time-banks-pay-savers.html

Scroll down the page to see Moneymail view on SOS

Biggles

meggsy wrote: »

http://www.dailymail.co.uk/money/article-1246289/Its-time-banks-pay-savers.html

Scroll down the page to see Moneymail view on SOS

It doesn't actually have a view on SOS, just tells you it's launched, that's it.

agsnu

Biggles wrote: »

It doesn't actually have a view on SOS, just tells you it's launched, that's it.

"Money Mail wishes them the best of luck"

tradetime

A campaign for savers calling for higher rates, in a nation full of debtors? That'll catch traction You couldn't make this stuff up.

Old_Slaphead

tradetime wrote: »

A campaign for savers calling for higher rates, in a nation full of debtors? That'll catch traction You couldn't make this stuff up.

There's a lot more savers than borrowers. Many borrowers are perceived as being reckless, greedy &/or naive in their accumulation of debt.