Wackos and Pervs ..... by the look of them. And the GULL! Savers should stop complaining about poor returns and start spending to help the economy, ...

Subject: 
Wackos and Pervs ..... by the look of them. And the GULL! Savers should stop complaining about poor returns and start spending to help the economy, a senior Bank of England official warned today. *LINK*
Posted By: 
TimELord
Date: 
Tuesday, September 28, 2010 10:10 am

Savers told to stop moaning and start spending

Savers should stop complaining about poor returns and start spending to help the economy, a senior Bank of England official warned today.

By Robert Winnett and Myra Butterworth
Published: 10:03PM BST 27 Sep 2010

[ OLD LINK REMOVED ]
Mr Bean said low returns on savings were part of the Bank of England\'s strategy Photo: PA

Older households could afford to suffer because they had benefited from previous property price rises, Charles Bean, the deputy governor, suggested.

They should \"not expect\" to live off interest, he added, admitting that low returns were part of a strategy.

READ THE REST............