All governments print money and come up with new ways to tax people but in the past few years they have been printing even more than usual and calling it quantitative easing. The British government has also introduced new taxes on things like insurance and increased VAT. How can people save for anything when the government keeps devaluing our savings?
The pound in our pockets isn’t the same, the more money they pump into the economies the less we can buy with our money. They create inflation and that forces up commodity prices like oil, gas, housing and food. (more…)