Why don't they just sell their phone lines so other people can make the income and perhaps expand the number of phone lines. Then the pensioner takes the proceeds from the sale and earn interest on it. That money is loaned out to other people to create more phone lines.
Why are people going to carry on creating phone line businesses now when they see that the fruits of their labour are devalued and offer little or no return. All they have done is worked and paid taxes for years but finish up with nothing at the end except a life of poverty.
They won't. Why save (even Sir Mervyn of Zig Zag said savers aren't good for the UK economy as it stands now - even if he's wrong [again] that's what he said), they'll go on benefits, they'll try to find work with the public sector etc - UK 2012 and it has been for quite a few years now.
This post has been edited by billybong: 02 March 2012 - 03:12 PM