What a mess !!!

[Cyberman]

Only 1 parety can get us out of this mess. The LibDems.

The party with the brilliant economist Vince Cable who stated that there was a 100 Billion pounds black hole in Northern Rock finances which caused immense panic and has proven to be a complete lie. He also pushed for the nationalisation of the Rock which was totally unnecessary, proven by the fact that all debts to HMG have effectively been repaid. Thanks Vince,,,, we certainly need you as Chancellor !!!

[TimberWolf]

Does debt like this mean high inflation is to come?

[Cyberman]

Does debt like this mean high inflation is to come?

Absolutely inevitable as the money supply will have increased drastically even without the quantitative easing. The pound is also weak, and this will also unfortunately mean correspondingly much higher interest rates and taxes to cure inflation and pay back debt over the medium term which Labour will try to blame on the Tories.

[TimberWolf]

Absolutely inevitable as the money supply will have increased drastically even without the quantitative easing. The pound is also weak, and this will also unfortunately mean correspondingly much higher interest rates and taxes to cure inflation and pay back debt over the medium term which Labour will try to blame on the Tories.

Feck, I'm about to become cash rich and asset poor, i.e selling my flat and renting.

[Peoplesoft bloke]

blah blah Labour always run out of money blah blah public sector borrowing blah blah everything wonderful under the Tories zero crime and no babies ever die, full employment for stockbroker belt (which is all Tories care about) etc etc


Yeah right.

This news just in - politicians of all colours are (sometimes) lying imcompetent impotent fiddlers - Tories not any different, Labour just as bad and most of the rest irrelevant due to our fuedal voting system.

[Peoplesoft bloke]

The party with the brilliant economist Vince Cable who stated that there was a 100 Billion pounds black hole in Northern Rock finances which caused immense panic and has proven to be a complete lie. He also pushed for the nationalisation of the Rock which was totally unnecessary, proven by the fact that all debts to HMG have effectively been repaid. Thanks Vince,,,, we certainly need you as Chancellor !!!

Yeah cos the Tories really have all the answers - my arse.

[d000hg]

Absolutely inevitable as the money supply will have increased drastically even without the quantitative easing. The pound is also weak, and this will also unfortunately mean correspondingly much higher interest rates and taxes to cure inflation and pay back debt over the medium term which Labour will try to blame on the Tories.

IS the pound that weak right now? Just because a pound was worth two dollars for a couple of years, that coincided neatly with the housing boom and other delusions of wealth... $1.60 is hardly that low historically is it?

[Menelaus]

The party with the brilliant economist Vince Cable who stated that there was a 100 Billion pounds black hole in Northern Rock finances which caused immense panic and has proven to be a complete lie. He also pushed for the nationalisation of the Rock which was totally unnecessary, proven by the fact that all debts to HMG have effectively been repaid. Thanks Vince,,,, we certainly need you as Chancellor !!!

Actually, I think that the Labour stooge Peston (so much of a toady the FT refer to the BBC as Pestowire) was more to blame than Vince Cable.

As a PhD qualified economist I'd trust him a lot more than I'd trust the current PM - even with his PhD in history.

[BoredBloke]

What about a windfall tax on the public sector

[Peoplesoft bloke]

What about a windfall tax on the public sector

I'd vote for a windfall tax on CyberTory.