BUDGET FLACK RUMBLES ON.

One of the main problems of trying to run an economy, in a country that has a frightening debt burden. In the annual budget, there are apparently winners and losers. I use the word apparent because, in actual fact, we are all losing. All Chancellors play the robbing 'Peter to pay Paul' card. 'All Ed' (Balls) is still going on about robbing the poor pensioners, of which I am one, and giving to the rich. Although, as a pensioner, I could be annoyed at the re-alignment of the income tax threshold, nobody however is taking money from me. It can only be taken if it has already been given in the first instance. Equally, the Chancellor is not giving the wealthy anything, he happens to be taking less from them. History will show that, in giving entrepreneurs more scope, many of them will create more jobs.

An interesting letter to the national press this week from a fellow citizen of Nottingham, A. Shipley, still working at 71, suggests that he should still be paying the same income tax as people under 65 years of age; the funds have to be found from somewhere. Why should we leave future generations our appalling debt for them to struggle to repay? Also be aware that China will shortly stop picking up our IOU's.


KEEP AWAY FROM THE FAN.