Gilt Complex
If, for the best of reasons, you invested in Government Stock-Gilts-25 years ago you'd have little of your money left today. Inflation would have wiped most of it out. But politicians still urge us to save. It's the patriotic thing to do. Yet even at the rates of interest the Government offer us now you can still lose money: 15 per cent interest, 17 per cent inflation. If Governments were bankers-they'd at least have a Gilt Complex. But should one try to save at all? And if so - how do you do it with any hope of defending the value of your money - let alone increasing it?
Presented by ALAN WATSON
RICHARD WAKELY , JOHN SWINFIELD With ROBERT MCKENZIE
Assistant editor PAUL ELLIS Editor JOHN DEKKER