yea, it's called tax !

Thats the thing to do then! Interesting Karl Marx, the Commie, once said - "Capitalists will get the rope to hang themselves from the Capitalists themselves" - you dont think he was foreseeing the events since 2007 do you?

Yea, I do like some of his quotes on gold :)

£7,200 per annum for each of five years for those on the £25,500 average wage.
A mere 28p in the £ rise in income tax.
Louise on some matters you are a total Joe Hunt.

If its £825 Billion now increasing at £11 Billion a month at Election time 6 months away it will have added £66 Billion, making £891 Billion. Thats a lot of money. Something has be done, its way beyond the abilities of the CAB ....

and what about the 10000 billion plus interest that will ac$%^&ulate in these 5 years?
Another bill??

We are in an inertia situation at the moment, Labour should have called an election in October instead of hanging on for dear life with total disregard for the future economy of the country. In fact, the worse it gets the better for Labour as they will leave The Conservatives with a bigger headache and a bigger hole out of which to dig.

Perfect politics for Labour, may people remember this and ensure they are never electable in the next 20 years.

The Answer? Although no political party dare broach the subject......drastic cuts in public spending and drastic downsizing of the civil service....elimination of these gold plated public sector pensions.....and dropping the hammer on benefit scroungers.

That will be the starting point to fix broke Britain.

Aace,

No problem.

Deflation abounds.

Leads to ever lower interest on Government debt.

Leads to weak Sterling.

Foreigners (i e those with real money cos we ain't got any) love to buy cheap long-termers.

Then they short-term manipulate the cash markets.

And time their exit after GB's been taxed till the pips squeak.

Then the foreign ownership of our equity pulls out too.

Seen it many times before (remember the Japanese being the saviours of large slices of UK PLC?).

They're all just currency speculators I tell you.......

Of course what emerges and the reason both electable Parties remain very low key near silent on this till May (dont want to lose Voters!) is this: There is huge NIMBYism here. No one wants to be the subject of cuts, or Tax rises. There is no British Patriotism at all on offer, all want someone else to sort it out - do not want their own personal finances affected. And that is impossible. Apart from rare times of War the British are not patriotic - see how in the US every office, schoolroom, workplace has its Stars and Stripes - in the UK they are never seen. And the Euro flag is totally entirely absent too. And there is a further problem - a Boom is coming - leave this prudent period too long and it will be entirely innapropriate then, absurd even. Best do it now - a short sharp shock ....

Louis, I agree with most of your last offering.,

The key word you used was 'WAR'.

I recall the last time the country was in such a mess:- 1979! after just five years of labour destruction, not the twelved we have suffered this time around. Look at the similarities:- debt, unemployment, housing boom, and worst of all, inflation ripped and ready to rip again.

The incoming Thatcher Government had no choice but to officially record 2 million of the, then, three million unemployed who had up until then been holding down jobs ( just like Browns swollen Public pay role of today)!. Interest rates had to rise to satisfy the IMF and international financiers, and most obvious of all, a war needed to be found!! Pull HMS Endeavour out of the South Atlantic, and in go the Argentines for a bit of political advantage of their own. We got a war, and the 1983 election was (only just) won.

Now what do you think is going to happen in 4 to 5 years time? Get your foriegn holidays in now!

Yes Labour (or the watered down New Labour Middle Class non Socialist variation) always ends like this - a huge mess. Oh yes those Interest Rates will rocket later too. As to wars, well we do have the unwinnable and costly Afganistan affair, very "Vietnam War - esque", but normally nothing is as good for politicians as a "just" war. Maybe the incoming Tories can engineer some attack on one of our remaining 12 Colonies - call in the RN and Army for a resounding victory - and gain the huge approval of future voters. Its certainly an idea!