Monday, January 03, 2011

Ford Prefect

It was one hell of a mess below me at Ford Open Prison and you can see the results in today's papers.

As you may have guessed by now, I'm not a natural 'Guardian-reader' and rather believe that if you burn down your rather cushy open prison and cafeteria, then you should be accommodated in tents nearby, until such a time as you've re-built it. Let's not forget the Human Rights Act though, which now appears to include access to booze, drugs and Sky Sports and so the 'tents option' is unlikely to be one favoured by the Home Office as it struggles to find space for the now homeless 'open prisoners' elsewhere.

You can tell we've had Xmas locally. Someone has tried to stuff an old TV in the waste-bin at the tennis courts near me and even the beach bins are overflowing with wrapping paper. It does seem like an awful lot of trouble to go to, roaming the seafront with an armful of Xmas paper and looking for somewhere to dump it!

VAT rise tonight and back to work for millions tomorrow in the year where austerity ceases to be something we talk about and becomes instead something we all experience. There is never a good time to raise taxes and especially unpopular taxes like VAT. Although Labour keeps quiet about it now, former Chancellor, Alasdair Darling did admit that this was one of his options if Labour had won the General Election. Either way, we can't avoid it and like any businessman I worry about the impact it may have on consumers, while recognising at the same time that unlike Greece and the Irish Republic, we can't bury our heads in the financial sand until its too late.

This may be the year that the common currency collapses - an 80% chance - and the Euro goes- twin-track between the German and France and the 'others'. Fortunately, Britain, with its own currency is protected from the inevitable market chaos that this might bring but it won't by any means make difficult times any easier if it does split along geographical lines.

Back to work for the nation tomorrow and good luck to all of us, sailing in very choppy seas indeed.


Tony Beachcomber said...

Gold at $1405.5 and ounce, silver close to £20.00 a ounce, Swiss Franc all time high and all proven fact, and some think it is all over.

Anonymous said...

anon again!
Property! Property will be our deciding factor. IF, prices maintain an increase, even if only slight, there will be a light at the end of this dark economical tunnel.
Banks need to come under more scrutiny, in order for normal folk to regain composure. They have been too powerful, too long!