UK launches new 'Help to Save' initiative

[webfact]

UK launches new 'Help to Save' initiative
Source: Xinhua

LONDON, March 14 (Xinhua) -- British Prime Minister David Cameron announced on Monday a bonus scheme for millions of Britons after a research revealed that nearly half of the population have less than 500 pounds (720 U.S. dollars) set aside for emergencies.

Cameron's new support scheme includes a Help to Save initiative, a national mentoring campaign and increases in the National Minimum Wage for young people.

He said the government will help kick-start savings with a 1,200-pound bonus for up to 3.5 million people through a new "Help to Save" scheme.

Full story: http://news.xinhuanet.com/english/2016-03/14/c_135187511.htm

-- Xinhua 2016-03-15

[ronwparker]

Good news the Brits are showing the way!!!

[Linden]

Refugees First no doubt

[thai3]

It will all be wasted on lottery tickets, booze and ciggies, mans an idiot

[Srikcir]

TAT should get out a campaign in UK called "Help to Save for a Vacation in Thailand."

[MrTee]

So folk on Universal Credit or Tax Credit will be saving £50 a month.

Is it April fools already?

This just shows how far out of touch with reality the UK government is..

What a con; designed to make it look as tough they are the caring party.. They just took £30 a week off of disabled people to fund a tax cut for those earning the most.
Truth is they are the nasty party. Nasty self serving greedy pig-tuppers!

[MrTee]

Refugees First no doubt

Refugees do not claim Universal Credit or Working Tax Credits..

Nice try but you fail.

[i claudius]

So folk on Universal Credit or Tax Credit will be saving £50 a month.

Is it April fools already?

This just shows how far out of touch with reality the UK government is..

What a con; designed to make it look as tough they are the caring party.. They just took £30 a week off of disabled people to fund a tax cut for those earning the most.

Truth is they are the nasty party. Nasty self serving greedy pig-tuppers!

So a lot like the labour party then .

[MrTee]

So folk on Universal Credit or Tax Credit will be saving £50 a month.

Is it April fools already?

This just shows how far out of touch with reality the UK government is..

What a con; designed to make it look as tough they are the caring party.. They just took £30 a week off of disabled people to fund a tax cut for those earning the most.

Truth is they are the nasty party. Nasty self serving greedy pig-tuppers!

So a lot like the labour party then .

Not that I supported any recent Labour government, but I don't recall them taking money off of the disabled to fund tax cuts for those earning the most.

Care to elaborate?

Or is this just a mindless dig?

[mrwebb8825]

seems to me that you folks could save a huge chunk of tax money by cutting off the royals and turning Buckingham Palace and Windsor Palace into Bed-N-Breakfast establishments for tourists.

[laolover88]

Save for what?

A home you will never be able to afford?

A place in an Old People's Home when they will take the home you might have to pay for it?

Your childrens' college education loans that they will never afford to pay back

Free NHS treatment in an NHS that barely exists any longer

To pay your council tax for council services the council does not provide

To pay for Trident already rendered obsolete by drones

To pay your grandchildrens' school fees so they can become cosseted toffs.

Save at what %? You think Rates on savings will rise when inflation starts again? I'm a banker, thank you very much Man on The Clapham Omnibus

You could go on

One does not need rocket science to understand why probably most of the indigenous population would leave if they could.

PS I like that webfacts post comes from Xinhua...ha ha indeed

[i claudius]

So folk on Universal Credit or Tax Credit will be saving £50 a month.

Is it April fools already?

This just shows how far out of touch with reality the UK government is..

What a con; designed to make it look as tough they are the caring party.. They just took £30 a week off of disabled people to fund a tax cut for those earning the most.

Truth is they are the nasty party. Nasty self serving greedy pig-tuppers!

So a lot like the labour party then .

Not that I supported any recent Labour government, but I don't recall them taking money off of the disabled to fund tax cuts for those earning the most.

Care to elaborate?

Or is this just a mindless dig?

No ,to massage the the unemployment figures they just made all and sundry "disabled" the fat ,the drug addicts , and another that they could call"disabled" i know two "disabled" people who are no more disabled than Blair is . so no i am not having a dig just telling it like it is .

In fact i know someone who has been "disabled" for 30 or more years in my old home town , hardly worked a day in his life , he has a nice 3 bed house that he brought his kids up in (he now moans about the bedroom tax ,as they have gone off and got married) he has a car supplied by the state ,his wife is his "carer" and he lives a good life , in a way i do not blame him ,if the state is stupid enough to give it to him who is he to turn it down ? but he is no way "disabled" just clever .

[i claudius]

seems to me that you folks could save a huge chunk of tax money by cutting off the royals and turning Buckingham Palace and Windsor Palace into Bed-N-Breakfast establishments for tourists.

could say the same about the white house ,

[Krataiboy]

What a charade! A few crumbs of the table for the poorest is not going to turn Britain from a nation of debt slaves into of a nation of savers - and Cameron, who is starting to look like the Arthur Daley of Westminster, knows it.

Since the economic crisis of seven years ago, the average UK family has seen its income shrink dramatically in real terms, while the rich - not least the banks - have seen their fortunes soar. The good ship Britannia is only being kept afloat by soaking the poor, dismantling the welfare state and using cheap immigrant labour to drive down wages to the lowest in real terms for decades.

Where on earth does this government larded with millionaires imagine working people supposed to invest the spare money they don't have - in their mattress? The truth is they could do worse. Bank deposit rates are now so low that savers lose money on whatever they invest and are, in reality, helping to subsides the millions of debtors in the rest of a broken economy.

Not only do we now have the advent of negative investment rates, but banks are making it increasingly difficult for depositors withdraw their "dead" savings - for example by phasing out out high-denomination notes. This is no mere accident, but part of what Baldrick would have called a fiendishly cunning plan to rob us of our financial freedom by the creation of a cashless society which would givce the major central banks total, rather than as at present partial, control of the global money supply.

Come the next economic crisis - and many experts, including some in banking circles, are warning that it is just around the corner - any cash or any other customer assets trapped in bank vaults will be seized to finance Cyprus-style bail-outs in which depositors and investors, not taxpayers, will be hardest hit.

If Cameron had a shred of decency and honesty, far from urging the electorate to start saving he would be warning us to pull our cash out of banks while it still has at least some value. But what do you expect from the leader of a party which is little more than a pimp for world's most depraved financial brothel, the City of London?