Re: FT: Insight: Implications of the Darling deposit guarantee


"Daytona" <junk721176@xxxxxxxxxxx> wrote in message
news:1190881638.372324.41100@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On 27 Sep, 08:57, RobertL <robertml...@xxxxxxxxx> wrote:
On Sep 27, 5:53 am, Faubillaud <faubill...@xxxxxxxxxxx> wrote:

... No government in any other country offers such a guarantee,
....

I understood that in Norway all savings in banks, and indeed the banks
themselves, are guaranteed by the government.

It wouldn't surprise me given their huge pension fund [1] made up of
receipts from the oil industry - NOK2,179 billion (£182 billion)
which, due to the small population of 4.7m, amounts to £38,635 per
person.

Why oh why didn't the British government do the same ?

because:

1) with 15 times the population the effect would be far less.

2) the Government calculated that the populous would rather
the money be spent on tax cuts. Even with all that oil money
Norway's taxation tax is still one of the highest in Europe

tim



.

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