The Credit Crunch Diaries.Informed comment from John Smith updated daily as the biggest financial crisis of modern times grips the world. This diary reflects the author’s personal view and interpretation of events, no offence to any party is intended or inferred.

Tuesday, 24 November 2009

Embarrassing or what..

Embarrassing or what..

The poor old lady must have been squirming in her gilded seat.

“My Government ….” If ever anyone wished they did not own something!

Aside from the fact that the legislation outlined in the latest Queen’s speech has only an outside chance of ever hitting the statute book, how does one legislate away half of the nation’s debt? It was, after all, acquired without legislation. Sort of laissez faire really.

Hope my three clever granddaughters read this in a few years time. It will give them a huge belly-laugh. Not that either has a belly of course; unlike UK Ltd.

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