At least one Telegraph journo, Michael Deacon, does satirise our current leaders. He picked out a remark from a recent Boris speech, that, as well as clapping for carers, we should ‘applaud those who make our NHS possible, our wealth creators, capitalists and financiers…’. As Deacon says, it’s a lovely thought, but there would no doubt be one or two killjoys who’d refuse to join in: ‘It’s just gesture politics. If we really care about our stockbrokers, let’s give them a proper pay rise’. Anyway. Good to know those at the top both have their finger on the national pulse and care about those of us at the coal face of pension planning and IHT mitigation. I assume IFAs, too, would get a bankers’ clap?
“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.
