How Many Governemts Does It Take To Change An Economy?

If Gordon Brown was such a great Chancellor and we had such an enviable and healthy economy, why are we facing such financial ruin? Have we been conned into believing we were better off than we were?

If the UK economy that we have all been told to feel so proud of was that great, why are we on the verge of socio-economic collapse according to every paper you pick up or news bulletin you hear? Is it a case of the British public being lulled into a false sense of security with good old Mr Brown at the helm? Has his captaincy merely led to steering us at full steam into the biggest financial iceberg on the face of the planet? How many lifeboats did he bring along?

After all the postulating and bravado, it seems there is no clear policy nor obvious escape route from the impending disaster. Why has this been allowed to happen? The answer quite simply is greed! The people who have the power and wherewithall to implement change are holding the purse strings. Why would they want to derail their own gravy train?

Everyone keeps talking about credit hungry Brits, which one has to admit as a nation we certainly seem to be. But why has this been not only allowed, but forced to happen? If we look at our history books, much of it dates back to the "Thatcher years" when the power of the unions was broken. Since then the workforce have never really rallied together or had a significant voice.

Since those days we have had the introduction of the National Minimum Wage. This was a godsend for many employers. At the time it was introduced, many employers were fighting to get quality candidates and wages on offer in many inner city locations such as Leeds were often to be found in the region of £8.00 - £12.00 per hour. Bearing in mind we are talking many years ago, these were quite significant income figures.

As the NMW was introduced employers were made graphically aware of what they could "Get away with" and en masse, slashed wages offered to "Above National Minimum Wage" This equated to a huge pay cut for new employees in many occupations. Although the NMW has been periodically increased, it has never kept pace with inflation (the true figure not the Governement spin) and people have started sliding into varying degrees of poverty.

The way they have tried to maintain their living standards is by working 2 or 3 jobs and by taking offers of cheap credit, reassured by the escalating value of their greatest asset; their homes. We all now know what a falasy that can prove to be! The resultant effect is that much of the country is now massively indebted and struggling just to survive.

The whole ethos of the credit industry is not buy now and pay later, but BUY NOW AND PAY FOREVER! Anyone who doubts this, simply look at the trends for credit card use over the last decade! If you poll people to find out how many pay their cards off in full every month thereby benefitting from free credit, you will no doubt find it's approximately 5% i.e. the financially independent minority who always thrive no matter what.

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