http://www.telegraph.co.uk/finance/personalfinance/savings/8028884/Savers-told-to-stop-moaning-and-start-spending.html
This official needs to be sacked !!!
We have had a credit crunch with houses being repossessed. The banks won't lend.
So what is the golden rule in times like this:
"Cash is KING!"
Why do we have such pratts in high places.. The next thing is that they will say Money supply is too high we had better raise interest rates!!
When the government can look at the situation objectively and then come up with a decent plan, people like this should keep their mouths shut.
Where were they when people lost their houses or had bailiffs knocking on the door?
I want Charles Bean to stand up and say this in a meeting of hard working people and get their view, because the Bank of England also didn't stop the collapse of banks, they just stayed quiet or didn't shout loud enough!!
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