I’m always banging on, I know, about lessons from history not being learned and leaders, corporate and political, repeating the mistakes of the previous generation. But please. D. Cameron says that there was an ‘atmosphere of panic’ when they thought they might lose the Scottish referendum, so, as we now know, every possible string was pulled to ensure victory. Then, not a generation, but less than 18 months later, he called the EU referendum and hardly bothered picking a thread, let alone pulling strings. And he went to Eton!
“The true impact of inflation on cash savings and pensions”
Leaving your money in the bank or building society has always meant that its ‘real value’ after inflation will go down. Although rates go up to, supposedly, control inflation, any chart you look at will show that, apart from a few very short-term blips (N Lamont, I’m looking at you) they are never more than inflation.