Tax cashback, not pass the parcel

So after a week of the governmernt stuffing billions into banks and public bodies stuffing millions into busted banks in Iceland, the Great British Public remains unimpressed, passive and sitting on their collective hands as McBroon & Co’s revival of the Rocky Horror Show heads towards the final curtain.

Folks cannot believe that a Government will hand out taxpayers’ money to mismanaged banks, who will then refuse to lend it back to taxpayers to spend on houses, cars and flatscreen tellies – the sort of buying needed to kickstart the economy.

That’s a kind of “pass the parcel” party game, where the kid grasping the parcel when the music stops gets to keep it. The banks are certainly not letting go even as the music plays on…

Stop the game and solve the problem right now. If McBroon were to order the banks to transfer £6,000 into everybody’s bank account at a reasonable rate of interest, people would rush out and buy something at Argus, John Lewis or Dagenham Motors. Others might add the cashback to their kitty for a new house or, whisper it, buy a few shares for a rainy day.

Some Brits might spend some of their cashback at Iceland or Hamleys, as both are apparently owned by companies in busted Iceland – on condition that country hands back the millions of UK council tax funds lock-up in the country’s frozen bank accounts.

If the British banks can’t get their act together, the sensible general public should be given the chance of spending their own money, stealthed away from them over years by McBroon.

That would free up the economy in time for a bonanza Christmas.

Then when the money’s spent, we can all head off to Spain where there are now enough affordable bargain homes for everybody tired of the halfwits running Britain and its failed institutions. At least in Spain there are no signs of failing banks because the Bank of Spain kept them under a tight rein and savings are covered by an unlimited Government guarantee…