The Borg:

"Action man's Quote"

5.The savings that borrowers will enjoy are at the expense of the pensioners and other savers. Does that mean they will now be enjoying more meals out and other luxuries? Let us hope that when they are enjoying their handout, they consider it is being paid for by many who NEVER have such luxuries. This group does not have enough income for a decent standard of living, so is it any wonder they feel not just let down but that they are being trampled on.

This is getting very interesting and must say that although some of what I have read in Action man's post's are well put I have to disagree with borrowers milking this interest rate reduction to go out splashing it on going out for meals etc.

I have said this many times now to friends and family before it was announced of the V.A.T reduction of 2.5 % that it should have been reduced to at least 10%. This way everybody in the country would benefit, from businesses to Joe Bloggs.

How can the government not see this, it ain't rocket science.

If I get reincarnated I'm coming back as a politician because I think I could turn this country round. LOL

The VAT parametres are tied up in European Lesislation. 15% is as low as it could go. As for pensioners not digging into the benefit pot : I'm sorry, but you need to readjust that attitude. You paid into it specifically so it would support you if you were Ill or unemployed and in your old age. It's your money, get down there and get it back!

There are big changes in the system coming up to keep greedy scroungers hands further away . Please please those pensioners that paid in for decades, take your due. If you lent money to anyone else for 45 years would you hesitate to collect it now you need it?

PS: the personal allowance was raised, and you only pay tax on interest- I might be a young thing at 25, if you're getting no return on savings, you're not payin tax on them! 20% of 0 is still 0!