Merry Christmas Politics Board Participants

[Organ Morgan.]

Happy to let inflation eat it all away?

Like it wouldn't be eaten away sat in a bank's savings account attracting 0.1% interest per annum? Negative real interest rates are a tax on savings. That's been the case for 10 years straight... and why? Two reasons: a docile population and politicians who are under the thumb of bankers who are pissing themselves laughing. Citizens the world over always get more of what they are prepared to tolerate. That's why here in Blighty the base rate will go from the current 0.75% to 0.00% and perhaps into negative territory.

[lardy]

Like it wouldn't be eaten away sat in a bank's savings account attracting 0.1% interest per annum? Negative real interest rates are a tax on savings. That's been the case for 10 years straight... and why? Two reasons: a docile population and politicians who are under the thumb of bankers who are pissing themselves laughing. Citizens the world over always get more of what they are prepared to tolerate. That's why here in Blighty the base rate will go from the current 0.75% to 0.00% and perhaps into negative territory.

Then you don't keep all your money in a 0.1% account.

But you are being clever. Each pound will buy you less each year. But despite that, you're teaching those bankers a lesson they won't forget. Well done.

[Organ Morgan.]

Then you don't keep all your money in a 0.1% account.

But you are being clever. Each pound will buy you less each year. But despite that, you're teaching those bankers a lesson they won't forget. Well done.

Out of idle curiosity, what savings account or fixed term bond is it that you can't resist risking getting a return on?

[lardy]

Out of idle curiosity, what savings account or fixed term bond is it that you can't resist risking getting a return on?

This question doesn't make sense to me. Apologies.