The Coming Expropriation Of 10% Of Everyone's Accounts

[Devonian]

(6 January 2014, 22:38)NorthernRaider Wrote: I hear some folks of modest means are withdrawing lumps of their saving in £9,999 lumps and hiding it away, apparently that figure ( if I got the amount right) is just below the amount transferable or withdrawable without the banks notifying the state about large cash movements.

And by doing that the value of their money will soon depreciate by more than 10% in real terms anyway through lack of growth!

Unless of course they invest it in something else, but then people with 10's of thousands of pounds would already have their money invested somewhere other than a bank account.