Quote:
Originally Posted by Osem
Anyway as beneficiaries of deliberate govt. policy go, I'd say borrowers have had some very favourable treatment at the expense of savers. The savings they've made on their mortgages etc. will be far in excess of anything the pensioners are now entitled to via this scheme.
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Those weren't being taken directly out of taxation / added onto borrowing as this is.
They were also not, primarily, for that purpose, but to avoid banks going insolvent and keep the UK's gilt interest rate down.
Not comparable.