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  You are 100% right about the need to return to a savings culture Kevin but some points on your other comments.
  
  Businesses depend on the low interest rates for more than one reason:
  1/ It helps exports because it kepps the £sterling lower than otherwise
  2/ Corporate borrowing including overdrafts and for investment in cheaper - all very important to businesses trying to survive in a recession and to those who, despite the recession still want to grow.
  
  As for the bankers, getting us into the mess, sorry that is not correct. They have merely served as a convenient scapegoats. Downturns are cyclical and are as certain as night following day. Brown thought he had abolished 'boom and bust' and ran the economy accordingly. Yes, the bankers are not innocent but it was Brown who changed their regulation in 1997 and encouraged them to take risks (Mansion House). They cashed in on the US credit boom (Clinton's beast) as a result and that went belly up. We also have to allow for the failure of Brown in the terms he st for the BoE for inflation, ignoring the levels of debt in the economy causing the housing and debt bubbles.

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