Darling offers permanent help for savers

  sunny staines 22:14 21 Sep 2007

just talk but protection may rise from £35 000 to £100 000 to prevent future bank runs.
click here

  Stuartli 20:17 22 Sep 2007

Disgraceful proposal and purely headline/potential vote capturing at our expense.

Just ask yourself why, if the Government apparently has so much of our money lying around why it won't, for instance, meet the cost of some more expensive drugs for those who are suffering from cancer and other serious illnesses?

I'm a Northern Rock customer and even I'm against taxpayers' money being used for such a purpose.

  sunny staines 21:04 22 Sep 2007

very good point

  DrScott 22:57 22 Sep 2007

because it's all potential. Any government that would have to pick up the tab for these proposals would not be this one.

  Forum Editor 11:30 23 Sep 2007

in the banking system, for without it (confidence) our economy wouldn't function. They have an excellent system in America, and we should adopt it here. If we did, we wouldn't have seen the queues of people outside Northern Rock's branches.

  Stuartli 11:59 23 Sep 2007

Lisa Buckingham, the Financial Mail editor, in her opening paragraph today, states: "No one is emerging unscathed from the blood-letting in financial markets - except, of course, the architect of Britain's failing frontline defence, Gordon Brown, the former Chancellor, now Prime Minster."

  jakimo 12:31 23 Sep 2007

As the FE states,its all about confidence,but if this government had taken heed of the warnings years ago,and took control of spending,and stopped the mortgage lenders greed,then in spite of the American problems the banking crisis could have been averted,....and it can`t be claimed that this is being wise after the event as the government were fully aware that a crisis was looming and decided to do nothing

  Forum Editor 12:32 23 Sep 2007

Yes, but Lisa works for a Tory paper, and one which has increasingly descended into the realms of sound-bite journalism.

  Forum Editor 12:34 23 Sep 2007

I'm not a Labour supporter, but to be fair to the government this 'crisis' wasn't anything to do with government policies, it was brought about by the banking industry itself, triggered by a sub-prime lending spree in America.

  Stuartli 13:17 23 Sep 2007

Have you read the full piece by Lisa Buckingham?

This thread is now locked and can not be replied to.

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