Posted: Wed Jul 11, 2012 1:07 pm
I dug out some old pay slips t'other day and was surprised to see that I am now earning the princely sum of £400 (FOUR HUNDRED) per annum more than I was earning 13 years ago![:(]
I have a rather simplistic theory to get some movement in the economy ... at the moment the Bank of England is pumping Monopoly money into the banking system to get the banks to lend to small businesses and the like. Which is great if a) the banks wouldn't just hold on to it and refuse to lend, and b) the small businesses customers could afford to spend more anyway, so that they could get the income to pay back the bank.
Why not give US a share, each, of the, what is it so far .... nigh on £400 BILLION rather than give it to the banks. Then, each of us would be able to repay our meagre debts (compared to the banks) and would then have more disposable income to spend into the economy as a whole. The banks would also benefit from the debt repayments (but we can't have everything!).
Simplistic and flawed, I know ......... discuss [:)]
I have a rather simplistic theory to get some movement in the economy ... at the moment the Bank of England is pumping Monopoly money into the banking system to get the banks to lend to small businesses and the like. Which is great if a) the banks wouldn't just hold on to it and refuse to lend, and b) the small businesses customers could afford to spend more anyway, so that they could get the income to pay back the bank.
Why not give US a share, each, of the, what is it so far .... nigh on £400 BILLION rather than give it to the banks. Then, each of us would be able to repay our meagre debts (compared to the banks) and would then have more disposable income to spend into the economy as a whole. The banks would also benefit from the debt repayments (but we can't have everything!).
Simplistic and flawed, I know ......... discuss [:)]
