Libby Purves wants there to be more NS&I savings. Like the P³. As we all know if your economic ideas are aligned with those of the Tre Professore then you’re wrong.
It’s when she comes below the line that we see the error:
Equity markets….over medium and long term they always give better returns.
A lot of people are reasonably anxious about any kind of stock market: and don’t rely on leaving savings there in the medium or long term
My Grandfather inherited 1918 war bonds from his father. I remember my father cashing them in in the 60’s. They were worth about £200. My father remarked that in 1918 you could have bought a large house for what my ancestor paid in but on cashing them about a months wages. That’s what I remember of govt bonds. Never trust the Government.
inflation! Nothing ever keeps up with that…
It’s just that equities are the very thing that have, historically, kept up with inflation……