“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance”. Cicero – 55 BC So what [...]
GORDON Brown last night dismissed calls to surrender his £123,000 a year pension when he is forced to stop being prime minister next June. Mr Brown was defiant in the face of City outrage despite the UK government’s annual operating loss of £100bn, rising to £1.5 trillion when the write-down of its banking assets is [...]
The Scottish Government have outlined plans to ban special offers on alcohol sales. They plan to bring in a minimum sales price per unit to help people with a drinking problem. Now, I don’t live in Scotland but I am sure if this doesn’t cause a huge problem it will be brought into England and [...]
I wish I had paid more attention in my Economic lessons because then I might have some understanding on what this ‘credit crunch’ thing is all about. In a nutshell I believe the problem was that Banks around the world (mainly in the US) lent money to people who had no way of paying it [...]
