Bailout question of the day

From Dizzy Absolute genius Why not give money to homeowners to pay off their mortgages, instead of giving money to the banks? The banks get the money anyways, two birds with one stone, everybody wins. Please educate me as to why this is a bad idea…

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VAT cut calculations seem to be wrong

Yesterday in PMQ’s Gordon Brown said: He added: “You may think VAT is unimportant but at the end of every week a typical family has more than £5 extra in their pocket. That may not matter to the Tories. But that’s £275 a year, more money for everyone in the community, not just for the…

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Random economic annoyances part IV

I constantly keep hearing or reading the phrases ‘economic downturn’ or ‘credit crunch’. Please, please, please can we stop. It’s not a down turn it’s a ressession or we can just say we are bankrupt or even better ‘we’re all f***ed’…

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