Brown Offers Savers Only a Bitter Pill

The ScotsmanMarch 20, 2004

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Summary


SAVERS expecting anything in the way of incentives from the Chancellor this week will have been sorely disappointed - a situation all the more alarming when set in the context of the UK's GBP 27 billion annual savings shortfall and the government's espoused concern over the lack of personal savings.

Gordon Brown's Budget completely failed savers, was the general verdict.

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Extract


Brown Offers Savers Only a Bitter Pill

Tim Hague, head of savings and investment marketing for Birmingham Midshires, said: "Recent council tax increases, more stealth taxes and plans to slash the ISA allowance in 2006 a...

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