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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 12th Apr 12, 4:27 PM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    'TV and radio producers: Please remember savers…' blog discussion
    • #1
    • 12th Apr 12, 4:27 PM
    'TV and radio producers: Please remember savers…' blog discussion 12th Apr 12 at 4:27 PM
    This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.





    Please click 'post reply' to discuss below.
Page 1
  • wanchai
    • #2
    • 12th Apr 12, 4:39 PM
    • #2
    • 12th Apr 12, 4:39 PM
    Well said Martin!!!

    I have been feeling like this for a long time. OH and I have a substantial 5-figure sum saved (towards a house deposit) and have noticed the lack of information on savings AND the attitude that low interest rates are good for everyone. Well, they're not...
    7 Feb 2012: 10st7lbs 14 Feb: 10st4.5lbs 21 Feb: 10st4lbs * 1 March: 10st2.5lbs 13 March: 10st3lbs (post-holiday) 30 March: 10st1.5lbs 4 April: 10st0.75lbs * 6 April: 9st13.5 lbs 27 April 9st12.5lbs * 16 May 9st12lbs * 11 June 9st11lbs * 15 June 9st9.5lbs * 20 June 9st8.5lbs 27 June 9st8lbs * 1 July 9st7lbs * 7 July 9st6.5lbs
    • donny-gal
    • By donny-gal 13th Apr 12, 6:43 AM
    • 4,599 Posts
    • 38,150 Thanks
    donny-gal
    • #3
    • 13th Apr 12, 6:43 AM
    • #3
    • 13th Apr 12, 6:43 AM
    Easy answer here Martin, those of us with savings, have always been careful and looking around to get the best offers, not spend what we did not have, and had the opportunity and health to work save, there is an element of luck in that too. That many of them are on here they know they can find the chance to save even though they have savings. DG
    Member #8 of the SKI-ers Club
    Why is it I have less time now I am retired then when I worked?
    • corbyboy
    • By corbyboy 13th Apr 12, 7:53 AM
    • 1,137 Posts
    • 1,378 Thanks
    corbyboy
    • #4
    • 13th Apr 12, 7:53 AM
    • #4
    • 13th Apr 12, 7:53 AM
    You're totally right Martin. When the media talk about interest rates, low is good and high is bad. It's all about borrowers and never about savers.

    But I also feel the media is the same about house prices. When the media report on falling house prices, it's regarded as negative news. Again, it's all about homeowners and never about renters/first time buyers.
    • Radiantsoul
    • By Radiantsoul 13th Apr 12, 12:35 PM
    • 2,001 Posts
    • 1,991 Thanks
    Radiantsoul
    • #5
    • 13th Apr 12, 12:35 PM
    • #5
    • 13th Apr 12, 12:35 PM
    Savers probably exceed borrowers as the savings and investing in an economy must balance. The main sectors are government, the international, business and households. Government is clearly a borrower, so the other sectors must have a net surplus.
  • wanchai
    • #6
    • 13th Apr 12, 4:28 PM
    • #6
    • 13th Apr 12, 4:28 PM
    You're totally right Martin. When the media talk about interest rates, low is good and high is bad. It's all about borrowers and never about savers.

    But I also feel the media is the same about house prices. When the media report on falling house prices, it's regarded as negative news. Again, it's all about homeowners and never about renters/first time buyers.
    Originally posted by corbyboy

    This is so true! And makes me really cross too. Maybe something should be said about this too, Martin?
    7 Feb 2012: 10st7lbs 14 Feb: 10st4.5lbs 21 Feb: 10st4lbs * 1 March: 10st2.5lbs 13 March: 10st3lbs (post-holiday) 30 March: 10st1.5lbs 4 April: 10st0.75lbs * 6 April: 9st13.5 lbs 27 April 9st12.5lbs * 16 May 9st12lbs * 11 June 9st11lbs * 15 June 9st9.5lbs * 20 June 9st8.5lbs 27 June 9st8lbs * 1 July 9st7lbs * 7 July 9st6.5lbs
  • hermante
    • #7
    • 17th Apr 12, 3:32 PM
    • #7
    • 17th Apr 12, 3:32 PM
    When the media report on falling house prices, it's regarded as negative news. Again, it's all about homeowners and never about renters/first time buyers.
    Originally posted by corbyboy
    Absolutely. So why is a mortgage counted as savings? Debt is debt.
    • John_Pierpoint
    • By John_Pierpoint 19th Apr 12, 1:30 AM
    • 8,248 Posts
    • 7,388 Thanks
    John_Pierpoint
    • #8
    • 19th Apr 12, 1:30 AM
    • #8
    • 19th Apr 12, 1:30 AM
    Savers probably exceed borrowers as the savings and investing in an economy must balance. The main sectors are government, the international, business and households. Government is clearly a borrower, so the other sectors must have a net surplus.
    Originally posted by Radiantsoul
    In your dreams !

    As a country we are running a massive deficit, and it is still getting worse under the "Condem" government.

    You wonder why Osborne is so twitchy about this country's credit rating and so the rate of interest we are all charged on our massive debts?

    Say sorry to your kids, that you have allowed this situation to be created in what used to be a petro economy.

    Britain faces another Ł50bn of spending cuts and tax rises to cover the costs of age-related care and put the national debt under control, the International Monetary Fund has warned. A "second generation" of UK austerity measures, which the IMF suggested should be completed before 2030, would outstrip programmes in both Greece and Portugal. Only the US, Japan and Ireland are facing a larger adjustment among advanced economies. To bring public debt down from 82.5pc to 60pc of GDP and pay for rising health and pension costs, the UK will need "a fiscal adjustment strategy" over the next 18 years equivalent to 11.3pc of national output, or roughly Ł170bn, according to IMF estimates. By comparison, the existing Ł123bn austerity program is equivalent to 7.5pc of GDP, The Telegraph reports.
    Last edited by John_Pierpoint; 19-04-2012 at 1:36 AM.
    • Credit-Crunched
    • By Credit-Crunched 22nd Apr 12, 5:34 PM
    • 2,107 Posts
    • 4,138 Thanks
    Credit-Crunched
    • #9
    • 22nd Apr 12, 5:34 PM
    • #9
    • 22nd Apr 12, 5:34 PM
    Savings does not get the time required online as it is not as entertaining and headline grabbing as 'thousands of millionaires only pay 10% tax' or 'bankers spent your money on girls and cars' or 'claim back your bank charges as it is your money, bankers will only spend it on girls and cars'

    You of all shoudl know all about sensationalist headlines Martin, it's how you have made your egotistical career so very successful
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