• The post you are reporting:
   
  I appreciate that to raise interest rates too soon could have an impact on the recovery. However, I think some policy measures need to be taken to reward savers and those who were prudent with their money. By cutting interest rates to a historic low, the real beneficiaries were those people who have overstretched themselves with credit and mortgages they couldn't afford. The very people who, with the help of irresponsible bankers, got us in the mess in the first place. If the next generation is to learn anything from this economic mess, it should be a return to saving. I fear, however, that the consumer society we live in means that is a distant dream.

Report Post

Your Name

Reason