They are now equals

[AlanHo]

...

[doug]

Very true!

[andsome]

Very very very true.

[CurlyWhirly]

Very true

By the way if the Treasury do go ahead with their plan to print more money then this could lead to high inflation and thus high interest rates

This will be good news for savers but with homeowners it will inevitably lead to a massive rise in repossessions.

[catgate]

By the way if the Treasury do go ahead with their plan to print more money then this could lead to high inflation and thus high interest rates

It is quite obvious that most, if not all, of those involved in this global mess do not know what money is, Curly. They have not yet realised that money is a "barter token" exchanged for productive work carried out. No matter how much they would all like to walk on water there is no way that they can get round it. If nothing is produced they can have all the fancy ideas they like, but they will have no way of obtaining paper or metal money with any value. All they will have will be scraps of valueless paper (or metal). It all revolves round "gainful" work.

[Alan2273]

By the way if the Treasury do go ahead with their plan to print more money then this could lead to high inflation and thus high interest rates

It is quite obvious that most, if not all, of those involved in this global mess do not know what money is, Curly. They have not yet realised that money is a "barter token" exchanged for productive work carried out. No matter how much they would all like to walk on water there is no way that they can get round it. If nothing is produced they can have all the fancy ideas they like, but they will have no way of obtaining paper or metal money with any value. All they will have will be scraps of valueless paper (or metal). It all revolves round "gainful" work.

Catgate you should not use that 4 letter swearword it brings andsome out in a cold sweat, it is worse than mentioning cats.

[andsome]

Very true

By the way if the Treasury do go ahead with their plan to print more money then this could lead to high inflation and thus high interest rates

This will be good news for savers but with homeowners it will inevitably lead to a massive rise in repossessions.

There are always losers and winners in any situation. There are many complaints about repossessions etc, but I believe that a lot of these problems are caused in the first place by much too much easy to come by money over the years being largely responsible for pushing up prices. In other words too high a borrowing. Also, spare a thought for those now, who over the years have been very prudent and built up some savings, in order to supplement a meagre pension. There is ever reducing interest coming in on these savings, and many older people are facing troubles of their own.

[catgate]

......... I believe that a lot of these problems are caused in the first place by much too much easy to come by money over the years being largely responsible for pushing up prices.

This is because they were no borrowing real money. They were only borrowing the "idea" of money.....a ghost....a form without substance......numbers written on a piece of paper at best, or a series of magnetic charges on a piece of plastic at worst.

[CurlyWhirly]

It is quite obvious that most, if not all, of those involved in this global mess do not know what money is, Curly. They have not yet realised that money is a "barter token" exchanged for productive work carried out. No matter how much they would all like to walk on water there is no way that they can get round it. If nothing is produced they can have all the fancy ideas they like, but they will have no way of obtaining paper or metal money with any value. All they will have will be scraps of valueless paper (or metal). It all revolves round "gainful" work.

From what I can make of it, the UK's manufacturing sector is almost dead and, until now, the government was relying too much on the City (i.e. the banking sector) for it's corporation tax to fill the Treasury coffers.

As this is now at an end, the government will now have to cut back on public spending and also raise taxes as it's current borrowing binge can't go on forever

[CurlyWhirly]

Very true

By the way if the Treasury do go ahead with their plan to print more money then this could lead to high inflation and thus high interest rates

This will be good news for savers but with homeowners it will inevitably lead to a massive rise in repossessions.

There are always losers and winners in any situation. There are many complaints about repossessions etc, but I believe that a lot of these problems are caused in the first place by much too much easy to come by money over the years being largely responsible for pushing up prices. In other words too high a borrowing. Also, spare a thought for those now, who over the years have been very prudent and built up some savings, in order to supplement a meagre pension. There is ever reducing interest coming in on these savings, and many older people are facing troubles of their own.

True but it would be suicidal to put up interest rates in the midst of a recession like what the Tories did with interest rates at 15% and over 3 million unemployed :(