February 24, 2009
Savers suffer as usual
Story link: Savers suffer as usual
Lets be honest, what ever money finds its way into the financial system in the UK, will eventually be drawn back out again, with interest, at the cost of the tax payer.
Savers are the biggest victim in the whole scheme of things, as either way, good or bad, they always receive the worst deals and the poorest care.
Hands up if you feel good about the future. Don’t all rush at once. What, no takers? Perhaps you’re experiencing the difficult birth pangs of a new global order, as Gordon Brown patronisingly called it. Maybe you’re wondering when your very own £500 billion bail-out will be arriving – that’s on condition you don’t do anything silly, like lend it out to kick-start the economy.
Or, more likely, you feel as though you are standing on the edge of an abyss, and waiting for your job, house, school fees and savings to be sucked into the black hole of the deepest recession in a century.
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