Tax Credits to Savers
Saving is now a waste of time because the government and the Bank of England are deliberately devaluing the Pound Sterling and causing inflation for fiscal reasons.
I understand their motives and the subterfuge of Quantitative Easing, but QE doesn't help 'recovery'.
Only money in ordinary people's pockets will do that.
A better way for the government to recirculate funds is to give short term tax credits to savers equal to the tax currently charged on their devalued dribble of so called 'interest'. These credits would have to be spent within a short time scale, not saved, thereby boosting the retail sector.
This would also make saving slightly more worthwhile along the lines of what David Cameron promised in order to get himself elected.
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