Critics slammed for questioning savers

Financial analysts and debt help companies have been rapped by the Times newspaper for criticising savers over worrying about their money in the Northern Rock fiasco.

Many consumers qeued up for hours on end to withdraw their money from the troubled providers which some in the finance industry claimed to be ludicrous.

However, a report in the Times criticised these industry experts, saying that people had the right to do whatever they wanted with thier own money.

One section read: "The withdrawers are perfectly entitled to choose who looks after their lavishly pretaxed savings. Some of them actually need money right now – like the chap on the news who wanted to pay his builder – and others just prefer not to rely on an institution that goes begging to the “lender of last resort."