Paga o justo pelo pecador?

Why punish savers?

Part of the reason we're in such an economic mess is that, over the past few years, we (that's individuals and businesses, in this case) borrowed considerably more than we saved.

If you're in a recession, what do you do? Well, if you're the Bank of England, you cut interest rates - to stimulate economic activity.

As always, there'll be a massive political and media fuss to ensure that the cut in interest rates is "passed on in full" to borrowers of mortgages and other loans.

But there is a paradox here. (...) by cutting interest rates the Bank of England is - in a way - punishing the thrifty and rewarding the feckless.





Peston's Picks, blogue de Robert Peston, BBC