From: Maria 
Newsgroups: uk.finance uk.politics.misc
Subject: Re: Savings ( was Re: Britain's Debt Pandemic - New Statesman. Is economic meltdown on the way ?
Date: Thu, 20 Oct 2005 16:26:46 GMT

On Thu, 20 Oct 2005 16:17:26 +0000 (UTC), "Biscit"
 wrote:

>
>"JF"  wrote in message
>news:nQ9aHoAwJ7VDFwKg@marage.demon.co.uk
>
>> Perhaps we'll see a return to saving up? Saving -- there's a word one 
>> doesn't see often these days.
>
>{SIGH}
>
>True.
>
>Then again.  We often get complaints that the government don't
>encourage savings and should make savings tax free.
>
>Mmm ISAs anyone?  You can save £250 per month in a tax free cash
>account.  If you can afford any more- do you really need an insentive 
>to save?
>
>I heard on the radio someone say "It's not worth saving because
>the government taxes your savings."  What a brainless cretin!
>You're still better off that if you hadn't saved.
>
>There's no shame in being thick these days it seems.

It's not worth saving because the interest rates are so low!