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2010 Budget - HM Treasury

Not sure how to interpret this...encourage saving but with low interest rates? Any thoughts comrades?

The Budget will set out a plan to tackle the deficit, restore confidence in the economy and support the recovery. The Budget will mark the start of the long-term task of moving from an economy built on debt to one based on saving, investment and exports where growth is spread more widely.

And the pre-Budget forecast from the new, independent Office for Budget Responsibility shows that the UK is borrowing more than almost any other G20 economy.

So the Budget will:

set out a comprehensive plan to deal with the nation’s debts and significantly accelerate the reduction in the deficit over the course of this Parliament. The Government has said that this action is essential to restore confidence in the UK’s economy, support the recovery and restrain inflationary pressures, allowing interest rates to remain lower for longer

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set out a comprehensive plan to deal with the nation's debts and significantly accelerate the reduction in the deficit over the course of this Parliament. The Government has said that this action is essential to restore confidence in the UK's economy, support the recovery and restrain inflationary pressures, allowing interest rates to remain lower for longer

Seems reasonable to me. The main reasons for demanding high interest rates are (1) risk premium if you think the borrower might default and (2) inflationary expectations.

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2010 Budget - HM Treasury

Not sure how to interpret this...encourage saving but with low interest rates? Any thoughts comrades?

The Budget will set out a plan to tackle the deficit, restore confidence in the economy and support the recovery. The Budget will mark the start of the long-term task of moving from an economy built on debt to one based on saving, investment and exports where growth is spread more widely.

And the pre-Budget forecast from the new, independent Office for Budget Responsibility shows that the UK is borrowing more than almost any other G20 economy.

So the Budget will:

set out a comprehensive plan to deal with the nation's debts and significantly accelerate the reduction in the deficit over the course of this Parliament. The Government has said that this action is essential to restore confidence in the UK's economy, support the recovery and restrain inflationary pressures, allowing interest rates to remain lower for longer

Ahh, no you see, what they've done there is use the term "saving" to mean "making savings" (by not spending). I know, I know, they've lumped it in with investment so that most people interpret it as "saving and investment" but actually that's not the point.

No, shitting on savers is the point.

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  • 144 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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