So – if I spend all my savings, and therefore have no income from investments, who’s supporting me? How does that help the economy?
It helps Labour.
Sorry. We need tough love. Labour keep thinking they have to be seen to be doing something, anything. That is the paradox (if thats what you brainy bigdummies call it).
Soon, we will see increases on taxes on savings accounts.. The government will ‘pressure’ (do they need to?) to impliment a interest-holiday where no interest is paid for a period of 6months on all savings…
Lets bookmark the above thought and comeback to that in a month or two..