He can borrow BILLIONS up until the May 2010 election taking it to over 118 billion debt - then all of a sudden it will contract and we will be debt free by 2015.

57% of GDP is debt by 2013.....

This man is basically bankrupting UK PLC. Do you remember that in 1997 the UK was almost debt free and was in fact in surplus in many areas.

11 years of New Labour and we have the biggest debt of any G20 nation in the World.

Basically we are spending money on Politically Correct projects for Labour without creating any wealth or jobs to back that up. We are a country of "inspectors" snooping on each other - instead of small businesses that make something that has any value - whether that be cars or crafts or even music.

What do you mean by "Politically Correct projects"?

...and 2.5% drop in VAT is pointless. It will cause retailers a nightmare, restaurants having to re-print menus, and within months prices will get restored to the traditional price points, so nobody will notice or care.

In fact, when the 2.5% is returned, it will be an excuse for retailers to move up to the next price point.

STUPID STUPID STUPID

dixie wrote:
...and 2.5% drop in VAT is pointless. It will cause retailers a nightmare, restaurants having to re-print menus, and within months prices will get restored to the traditional price points, so nobody will notice or care.

In fact, when the 2.5% is returned, it will be an excuse for retailers to move up to the next price point.

STUPID STUPID STUPID
The whole thing seems to be neither fish nor fowl but I have found the whole economics thing so full of contradictory and partisan ideas it's hard to reach an understanding.

It does seem to boil down to trying to fix something that simply unworkable in the first place.

In the real World "outside" Darling and Brown's comfy political bubble the biggest UK companies are now starting to go down like dominoes.

There will be more companies collapsing in the next few months. Many are already slashing prices in order to try and stay afloat. Many more chains will collapse in January leading to the full blown recesssion in March onwards.

Perhaps the best thing to do would be for banks to WIPE OUT THE DEBT of every credit card and loan holder in the UK tomorrow.

Then people could start again and the economy would find its true place.

House prices are about to crash another 20% - and with all the East Europeans crowding the ferries and airports to get out as the bubble bursts - leaving behind thousands of buy to let properties empty driving the housing market back to where it should be with prices around