Hard Times Ahead (UK v America) - Page 2

Margaret Pilkington · 30-04-2010, 14:32

Quote:

Originally Posted by Ken Moss

I've said before that the quickest way out of the recession would to have been a free gift of £5,000 to every UK resident.

How many people would have hoarded it? Relatively few in my estimation, so you get an immediate cash injection into the economy and it still cost the country less than propping up failed banks.

It is funny that you should say that.
I was talking with my daughter, and we were discussing the pathetic attempts at getting the economy on the move......reducing VAT by 2.5% was laughable......it wasn't going to help anything.
It would have been far better to give every tax payer a windfall of say £2000......many people would have spent this.....perhaps doing home renovations,(employing local tradesmen...even DIY would have been better than nothing) buying new appliances. It would have stimulated the economy by moving the money around.

Yes, it would have cost much less than handing the money to the bankers(did I mean that or something else similar - you'll have to guess at that one

)