ATW's 3 point financial plan to save Britain

[Gonzo]

Has it dawned on anyone with investments in the UK yet that the removal of indexation allowance when calculating Capital Gains Tax liability will mean a whole lot of tax will be generated simply by inflation?

It wouldn't be too bad in a low inflation environment but when asset values are increasing massively purely because of inflation people are going to go

[AtW]

Just because this is what happened every other time they have been in power doesn't mean we could have expected it this time.

Did they print money before? I know Nu Liebor crashed and burned economy, but I find that this one did it a very profoundly unique way that must be the record even for Nu Liebor.

[HairyArsedBloke]

I think, in all fairness, this was totally unpredictable.

Of course not - it's totally out of character for them. Just because this is what happened every other time they have been in power doesn't mean we could have expected it this time.

[AtW]

and the printing presses working at full capacity?

I think, in all fairness, this was totally unpredictable.

[TimberWolf]

Who could have guessed at the beginning of Labour's term that it would all end with the country bankrupt, immigration out of control and the printing presses working at full capacity?

[MrMark]

The snot goblin is way ahead of you.

The sausage guzzlers tried it last century - we should check how it worked out for them.

They're now a highly efficient prosperous nation and the second top exporting country in the world. Blimey, worked out rather well didn't it? (so long as we forget that bit with the comical figure sporting a moustache).

[HairyArsedBloke]

The snot goblin is way ahead of you.

The sausage guzzlers tried it last century - we should check how it worked out for them.

[TimberWolf]

Main objective: wipe out all debts - personal, corporate and Govt.

Solution:

1. Print lots of sterling notes - start with £10000 to save on paper costs.

2. Repay all debts in sterling at the same time.

3. Since value of sterling on exchange will rival that of Zimbabwe dollars, the only sensible thing would be to use the money to buy UK assets such as property etc.

BOOMED!

Printing is a bit of an old fashioned solution isn't it? Gordon just has to utter a few magic words and then someone in a back room will type it in and the banks become awash with free cash

[AtW]

Main objective: wipe out all debts - personal, corporate and Govt.

Solution:

1. Print lots of sterling notes - start with £10000 to save on paper costs.

2. Repay all debts in sterling at the same time.

3. Since value of sterling on exchange will rival that of Zimbabwe dollars, the only sensible thing would be to use the money to buy UK assets such as property etc.

BOOMED!