Sunday, December 7, 2014

Tinkering with marginal demand

Steve Webb tells 'livid' pensioners: give us your money for a better interest rate

Gov. offers 4% bond yields to UK pensioners. Whether or not you feel this is a good deal for pensioners, this will surely restrict supply for those who are only prepared to pay the current going rate of 2.09 having had an annual record rise very recently. There is no confirmed balancing plan for state spending. Either way, good deal or not, the government is banging another drum to raise funds.

Posted by stillthinking @ 10:52 AM (2076 views)
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3 thoughts on “Tinkering with marginal demand

  • Could this be another election bribe? Surely not!! After wrecking the lives of many savers with manipulated low interest rates, they appear to have noticed the people it’s impacting (traditional Coalition voters).

    Now when the Coalition are asked about the debt mountain they will say:
    “….we only incurred those loans to help poor pensioners get some decent interest”!

    Meanwhile, my local MP still hasn’t decided if he will jump ship to UKIP just before the election. It’s good to know those folk in Westminster have us in mind as they go through their busy days….. 🙁

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  • You have to give the masters their due. Not only have they screwed people out of a home, but they have also stolen lots of pension money in cunning plan.

    Should have seen it coming really, I bet a few did.

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  • Save our (OAP) savers!

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