Whilst the UK has the highest savings ever accumulated during Covid,
However, for many people a major increase in the cost of living cannot be easily absorbed Almost 1 in 4 of the 45 to 55's year old's have less than £1000 in savings. 1 in 5 of the over 55's have less than £1000 in savings. Of the UK population 6.50% have absolutely no savings and 25.95% have less than £1,000 in savings.
There will be a £150 reduction on Council tax for rate bands A to D in April which is well targeted under the circumstances.
It would be preferable for a one off windfall tax on the profits of the energy companies, helped finance it, but that is still using taxpayer money to pay for all of this.
Last edited by JohnHarris; 03/02/22 04:42 PM.
