Quote Originally Posted by MadAmster View Post
Savings? What the hell are you on GP? Those in public service roles have seen the fruits of their toil diminish, in real terms over the past 12 years. Wage rises varying between 0% and nowhere near the going rate of inflation.

Your "withdrawals from savings" is about as unpalatable as Rees-Mogg's "sell stocks and shares" comment. That eejit is simply out of touch with reality. I never expected anything that crass from you.
I was talking in economic theory MA as the flows of money in and out of savings impact the efficacy of the stimulation model. It may be that there is minimal impact from the savings multiplier as you say, but it still exists even if you know noone who has saved.