Monday, April 12, 2010
Putting out the fire … with gasoline
"The [Labour Party] manifesto, launched in the Midlands today, will give all basic rate taxpayers between 18 and 30 the chance to save money in a government-backed â€˜Super ISAâ€™ which could cost Â£30million a year." What's the point? As long as this or the next government is determined to keep house prices racing away to the tune of Â£1,000 a month, there is just no point in the 18 to 30s saving, all that this will achieve is persuading the mugs at the bottom of the ladder to pay ever larger deposits when they finally cave in and buy a home.