Min Base Interest rate 5%

There should be a minimum base rate of 5% to ensure savers and pensioners receive a reasonable return and reverse the re-distribution from savers to borrowers.

Mortgage support could be provided in appropriate cases on mortgages up to £200,000.

The interest paid would inflate the economy and reduce the requirement for QE.

I wonder why this idea has not been considered by the Government?

 

Comments
There are 25 comments. Login or register to view them.

And you think .....

BKD |
BKD's picture

Counter intuitivley...

zarathustra |
zarathustra's picture

@BKD But banks lend to each

uktaxpal |

in answer to your q

justsotax |

@justsotax  The same logic

uktaxpal |

Bit of a hijack BUT did

mrme89 |
mrme89's picture

@uktaxpal

ShirleyM |
ShirleyM's picture

Penny wise pound foolish

Discountants |
Discountants's picture

But 9+ billion has been spent

uktaxpal |

flawed .... ?

justsotax |

@justotax  But why hit

uktaxpal |

Why not?

Discountants |
Discountants's picture

@Discountants

ShirleyM |
ShirleyM's picture

@discountants

uktaxpal |

Just a thought ...

ShirleyM |
ShirleyM's picture

Annuities

BKD |
BKD's picture

Peer group lending

cfield |
cfield's picture

Interest Rate rise

Mike Charnley |

Not if interest spent on

uktaxpal |

i think the important word you

justsotax |

Isnt the worldwide economy

uktaxpal |

No

BKD |
BKD's picture

Not necessarily

cfield |
cfield's picture

Agree raise rates - but will never happen ...

JC |

i am not an

justsotax |