“Quit Your Moaning” Says Bank Of England

Nice savings you have here. It would be a pity if something happened to them

Savers should stop complaining about poor returns and start spending to help the economy, a senior Bank of England official warned today.

Older households could afford to suffer because they had benefited from previous property price rises, Charles Bean, the deputy governor, suggested.

They should “not expect” to live off interest, he added, admitting that low returns were part of a strategy.

Mr Bean said he “fully sympathised” but he added “I have a cunning plan for the economy” which he refused to elaborate upon.

2 Responses to ““Quit Your Moaning” Says Bank Of England”

1. JeffS says:

   September 28, 2010 at 11:27 am

   “All your savings belong to us.”

   — The Bank Of England

2. LC Aggie Sith says:

   September 28, 2010 at 7:00 pm

   Damn….is England past the point of no return??