I cabbie told me of a professor in finance who was talking on TV the other day. The guy had calculated that if the Government had given £100,000 to every legally working UK taxpayer 2 years ago (when small amounts of shit started to hit the US fans) the following results would have been achieved:

  • No recession – imagine what a boost – everybody with a £100k in his bank account!!!
  • No financial crisis – banks would have had tons of money to lend to whoever needed it
  • Unprecedented economy growth
  • £27b saving to the kind of money the Government had already spent to help the UK economy

If they could only had crystal balls… :-(