MSE News: More savers to get Pensioner Bonds, as the scheme is extended

patanne

Of course it is a bribe. They are politicians, it is what they do. They are hoping we are all suffering from dementia and forget that the rates have been rubbish for years and so vote for them. I am prepared to bet that some will on the basis of this.

Actually I suspect that the real "wealthy pensioners" will have their money in much better earning vehicles than this.

Pincher

The election is in May, what a co-incidence.


Somebody thought £10billion will last till May, so now they have to stump up a bit more. Anything to prevent disgruntled OAPs voting the wrong way. It would be funny if they shut the door the first Monday after the election. It was a huge success, thank you and see you in another five years.


As for well off, when you are barely getting by on a pension, how are you suppose to pay for leaking roofs and boiler replacement? The ironic thing is, having £20k disqualifies you from various benefits. The people who scrimp and save to build up a £20k buffer against a rainy day are the real pig in the middle who have it hard. If they really want to take from the state, they can spend it on a new kitchen, so they can qualify for free boilers and claim benefits to the hilt.

clivep

The effects of quantitative easing artificially reducing interest rates have been to steal more money from savers at a higher rate than the Cypriot government did!

Pensioners relying on reasonable interest for their lifetime's savings to provide their income were probably the hardest hit. The pensioner bonds will only cost the government a fraction of what they are getting in from their theft.

patanne

I was wondering why they extended it to the 15th when the election is on the 7th. After all they could have just done it to the 8th!

TheTracker

patanne wrote: »

I was wondering why they extended it to the 15th when the election is on the 7th. After all they could have just done it to the 8th!

8th to 15th is the week to build a new coalition.

le_loup

clivep wrote: »

The effects of quantitative easing artificially reducing interest rates have been to steal more money from savers at a higher rate than the Cypriot government did!

Pensioners relying on reasonable interest for their lifetime's savings to provide their income were probably the hardest hit. The pensioner bonds will only cost the government a fraction of what they are getting in from their theft.

Doesn't the Internet bring out the weirdoes?