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Thursday 4 December 2008

Is it class war?

Gordon Brown sneered when he was questioned as to whether the £50,000 saving protection limit per banking institution was enough; the limit was "perfectly adequate", or so he said. Gordon Brown knows that 97% of savers have savings of less than £50,000, he also knows that the other 3% have savings that represent around 50% of bank deposits. If the banking system were ever to fail then it would wipe out the, as Gordon Brown sees it, "wealthy". Have the former class warriors Gordon Brown and Alistair Darling been planning this for a while? Is it beyond the realm of possibility that Gordon Brown is indulging in clandestine class-warfare?

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