Hi to everybody...I've just listened to the news and there's a call for interest rates to be reduced by as much as one and a half per cent!! That will take savers rates down to around two per cent and less and, for all those pensioners, relying on the interest payments on their savings to help them meet the increased costs of almost everything, it will be devastating...Semafu informed us yesterday in my Armchair Revolutionary group that the bonuses - not including their salaries - of those in charge of the Banks walked away with 31 billion pounds in the last four years...this is something that should really be looked into by the government because nobody should be allowed to milk profits like this anywhere...see 'Bonus Reality Check' in my group...
This is damn gloomy news for savers everywhere....Great big hugs to one and all...