Debt

Grim Fairy Tales and Hard Times

That opportunity for change it seems has passed. In the years before the crash the City insisted on light touch regulation and governments obliged. The whip was in the claw of the Golden Goose and the City’s importance to the UK economy was its shiny golden egg nesting at the centre of the European money markets. When the egg went rotten our governments should/could have acted. At that moment there was a perfect moment for democratically elected leaders to act, to take back the power and to regulate the banks. Instead they dithered and in a perverse turn around our governments now have had to come to heal.

Their Shame or Ours?

  I’ve started seeing more DVLA ‘don’t pay your tax you don’t use your car’ wheel clamps on the street.  There doesn’t seem to have been much of an outcry at this rather draconian response to non-payment of road fund licence. Surprising since following a clamping the DVLA move fairly quickly to crushing the vehicle. The …

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