Praise for Brown

let us introduce more liquidity says the unelected Lord Mandelson on the Today programme, this is diffreent from Quantitative Easing.

I have a problem. When I used to run my own consultancy business I made profit and I kept back some of that profit to pay my taxes the following year. I deducted Income Tax and National Insurance and put it into a separate account so that I did not spend that which was due to the Inland Revenue. Accordingly I was completely up to date with the Inland Revenue.

Now my problem is that some companies have not been doing this and accordingly they have an outstanding liability with the Inland Revenue. This government has apparently told these companies that they will not be chased for the money which they owe, because the banks will not lend to people purely to meet an obligation for which they should have set aside some money. No bank should participate in what I regard as chicanery. I hope that the Inland Revenue returns to performing the purpose for which they are paid, collecting taxes which have been legally authorised by parliament. The debt will have to be paid eventually. Another part of the scorched earth policy of a government which shames democracy. Note the change to the Business Rate change which receives no real publicity.

Finally thought that the PM at PMQs let the cat out of the bag with his Gold sales policy. He said more or less that it was a good decision because he had authorised the purchase of Euroes and that the Euro had increased in value. No, what has happened is that the pound has fallen, and if I was a holiday maker going to a Euro zone country I would rejoice that the Euro has risen by so much against the once dominant pound, you know that I would not, but praise for the PM would seem to be a requirement not to get a comment removed.