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What about the savers?

As the UK government steps forward yet again to bail out the banking sector with billions upon billions of UK taxpayers money there is serious concern that savers are becoming something of an irrelevance to the UK government. Despite repeated promises to look at the situation of savers, many have seen their income streams obliterated over the last few months and more and more older people are having to dip into their nest eggs which they had hoped would last the rest of their lives.

It is quite scandalous how UK savers have been treated over the last few months as the government panders to the banking sector rather than attempt to stabilise the income of UK savers who have worked for their money like everybody else. While Gordon Brown is happy to put himself forward as the saviour of the UK population and the UK economy he may well have underestimated the ground swell of support for UK savers.

With an election due in 2010 the so-called "grey pound" could become an interesting play for the various political parties. Gordon Brown has effectively cut this area of the population adrift from the Labour Party membership and will have difficulty catching their attention as and when an election is announced.

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