A savings tax! Having anything to tax would be a miracle

If you have any savings at all stashed away its more than likely they're earning a less than pitiful rate of return so it will come as a shock to savers that a savings tax could be one of the measures used to drag Britain into a recovery.

A new paper by the International Monetary Fund (IMF) has scorned western countries who think they can chip away at their huge debt mountains without having to resort to what is seen as low-end, credibility-ruining tactics employed by less well off countries.