We have found, and will continue to find, plenty to be scathing about in 'Boy Genius' Osborne's 2nd Budget, but there was at least one thing very good. I refer, of course, to the announcement that NS&I are reintroducing inflation-plus tax-free bonds.
This is a touchstone of the Government's good faith. We all know that the savings of the prudent are under assault from all quarters: from greedy bankers and investment advisers looking to gull the unwary, through tax-and-spend socialists & LibDems seeking to advance their social engineering, to outright scam-artists and criminals (if there is any meaningful distinction to be made between all these rapacious groups). Oh, and of course indebted governments everywhere, who can't help but notice that inflation nibbles away at their problems. The attitude of all of these bastards is the same: why do they rob banks ? - because that's where the money is.
It was a hammer-blow when the inflation-plus bonds were withdrawn last year, and now we must give credit where it's due. Thank you, George.
Back to bashing next week ...