Friday 23 January 2009

Don't worry, be happy

British money notesIt seems quite a while since I said goodbye to another year, but it will take another month before I pull myself out of the inevitable post Christmas funk. Though having seen the forecast for 2009 I’m beginning to think it may be better to keep my head down and try to avoid this year altogether. My favourite story this week, notwithstanding the small matter of a new U.S. president, was the advice from a prominent financial guru to abandon the U.K. currency altogether, or as The Times put it, "We're f****d". Oh alright, they didn’t really say that but a blunt assessment of our future is long overdue and it’s simple enough so that everyone can understand – we don’t have a future.

I’m not convinced that the solution to our financial woes, a problem caused by borrowing too much money and spending more than we can afford, is to borrow even more money and spend it on things that we couldn’t afford when we actually had money to spend.

However we shouldn’t despair; because despite what I said earlier there is some hope. I’ve done a lot of research on this - someone has to – and I think I have the answer. The government would be better advised to consolidate all our debt into one affordable monthly payment. With a bit of luck we’ll have money left over for a holiday.


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