Letter: Age of the saver
Thursday 04 March 1999
Sir: The Government expects those of us in employment to save for our children's university education, save for private pensions, save for private health care, save for periods of unemployment and now to save for residential care in our old age ("Ministers may reject free care for elderly", 2 March). All this when we are paying high income tax and national "insurance" - which is, in effect, nothing but a second income tax since it insures us against nothing.
Has the Treasury considered the effects on the economy of all this enforced saving? "Disposable" incomes will disappear into the coffers of insurance companies, banks and building societies. Manufacturing and the entertainment industry will have to do without a high-volume home market, without which they cannot support export markets.
When you add to this the Government's apparent desire to price us off the roads, is it too cynical to construe that New Labour's millennium ideal is a country in which the quietly obedient, poorly paid masses sit at home chewing genetically modified TV suppers as they reckon up their savings in front of shoddy game shows, docusoaps and animal programmes?
BBC Trust agrees to axe channel from TV in favour of digital moveTV
Final Top Gear reviewTV
Arts & Ents blogs
- 1 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 2 Greece debt crisis explained: A history of just how the country landed itself in such a mess
- 3 People all over the world are getting semicolon tattoos to draw attention to mental health
- 4 Greek debt crisis: Yanis Varoufakis's funniest (and most memorable) quotes
- 5 Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts