“In January, a think tank argued that Britain should scrap the savings safety net of £75,000 to strengthen the British economy.
Andreas Wesemann – the author of the Centre for Policy Studies study – argues the Government must stop insuring bank deposits, a practice which he says has ‘only resulted in an increase in the probability and severity of banking crises.'”
To read the full article, visit the Daily Mail’s This is Money site.
Date Added: Friday 25th March 2016