Wednesday, March 11, 2009

Savers Votes.

If what I have read is correct savers out number borrowers three to one. I am surprised that we are not seeing a noticeable difference in the political polls. Surely the fact that Savers are being sacrificed and squeezed till they squeak with the interest rate at 0.5% means they would vote for change, especially as Joe Bloggs next door with a huge mortgage is laughing all the way to the Bank - Surely to goodness no saver in their right mind will vote for the current Labour party. There are rumours that savers will be helped in the budget with tax relief, but tax relief on nothing is nothing so I cannot see that it will or should make any difference. Okay not all the population is a borrower or a saver, but I would have thought the savers would be a high enough percentage that their voice/vote would count. Maybe Gordon Brown and co have not thought this through, but I hope savers vote for change with their ballot papers. Maybe just maybe the European Elections will prove a wake up call for the Government to do something real to help savers.

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