SPECIAL SAVINGS SCHEME
Sir, - Patrick Honahan's suggestion that the State saving scheme should be terminated (Opinion, September 12th) is shocking, as he appears to be advocating a unilateral rescission by the State from a contract which, in the first instance, the State encouraged..
Furthermore, I would like to know how Mr Honohan knows that "only those with spare income were participating". How dare he speak for any saver other than himself? I, for one, am investing money in the scheme because I see it as the only way of saving the little money I have, given the very low interest rates currently available on savings. The SSIA is the only silver lining left in an otherwise very black economic cloud. The Minister for Finance is too astute politically to remove it. - Yours, etc,,