Originally Posted by
BCram
Oh Nooooh! This can go one of two ways. For the first time EVER, someone in a government actually reads his stuff and believes him and acts on his advice. He has chuntered on and on about Boris, Cameron, the death of the Conservatives, the decline of religion, the failures in justice, policing, education, the loss of any moral fibre in the world, I think he's great and as far as I can see he is a contrarian who has never achieved a result! The second course of action is that the mere fact that the great Sir Peter Hitchens has mentioned a raid on savings will be enough to ensure that the idea is immediately rubbished and precisely the opposite will be put in place with rising interest rates and everyone desperate to save.
I had a friend who was in Greece at the time of their major troubles with the Eurozone. The hotel owner had sold his hotel and put the money into a pension fund that guaranteed and income with a small inflationary increment annually. I've probably not described it correctly but I am sure you will know what I mean. The company wrote to him and told him that the income would be halved and there would be no increment. I think this is what you mean by a raid on savings. It would be great it you could spell out in a bit more detail what a raid on savings might look like. I think the possibility of this type of action should be highlighted and the dangers it would create for the unemployed, the young, the elderly and workers, should be discussed.