This does seem a rather bizarre decision. We know Rishi, Boris & Co need to get as much into the coffers as they can in the next year or so to pay for All This.. You’ll still have an, albeit reduced chance of getting something from Premium Bonds, which account for £80bn-worth of loans to the government. But Income Bonds paying 1.15% will reduce to just 0.01%. I’d predict many £bns will be pulled out, more than likely never to return from bank accounts (also paying 0.01%), under mattresses or sound investments recommended by financial advisers…
“Advice firm Almond Financial moves to four-day working week”
The Four Day Week was much discussed and trailed post-COVID, when remote-working looked likely to end strap-hanging commutes for good and laptops on the kitchen table were to become the ’new norm’.