So the UK bank interest rate has been further 'slashed' to 0.5%
And the Bank of England are printing £75 billion (so called quantitative easing........whatever the blazes THAT means)to boost our flagging economy.
I'm the first to admit that economics is not my strong point. But even I understand that in the current climate my careful savings would have more chance of growing if I planted them in the garden.
Savers are being thrown to the wolves, pensioners are seeing their pensions shrinking, yet the banks and bankers, who are mainly responsible for the godalmighty mess are getting massive cash injections and even bigger pensions.........I mean £700,000 A YEAR!!!!!!!! It would still be obscene even if Fred Goodwin had done a half decent job. But he steered RBS to the brink of collapse and now billions of pounds of taxpayers money has been requisitioned to plug the hole. Still, ol' Fred will be fine and dandy sitting on his £700K a year, bless him.
I'm a lifelong socialist, and in the past have been a card-carrying member. I am passionate about social justice and people getting a fair crack of the whip. But if a general election was called tomorrow, I don't think I could bring myself to vote Labour, even though my politically motivated family would be turning in their respective graves.
However to be honest, I couldn't bring myself to vote for any of the other jokers either.
And since when was printing money a recipe for success...........