http://www.bbc.co.uk/news/uk-politics-31241867
I just saw an interview on BBC news with Osborne offering the flimsiest reasoning for this blatant piece of electioneering.
"We've just come out of a recession where our need to lower interest rates have hit savers", he mugs. Fair enough so far, "and therefore we should support those who save for the good of the economy".
Lots of buzz words. Impeccable logic. However, one wonders why the over 65's with their Final Salary pensions and innumerable state-funded benefits are especially deserving of further government largesse. Osborne's move has been described as 'reverse social engineering' since all the studies show that the young have been disproportionately screwed by the downturn. This further encouragement to growing wealth inequality doesn't seem to faze the chancellor.
The only reason for this move is that we are now in election season and Osborne wants the silver vote to help stave off the defeat that threatens with the splitting of the right wing vote between Tory and UKIP.
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