Blue movies corruption or Spanish blue skies

The daily wearing down of the McBroon Government credibility has reached a critical point for the over-50s and pensioners as they absorb revelations about ministers putting their digital TV subscriptions on their expenses paid by taxpayers.

The Prime Minister gets his football for free and the Home Secretary get bills for blue movies (and the kitchen sink) paid for, according to the latest media revelations.

At the time Scotland’s biggest building society collapsed, alongside those of the other local banks adding to the loss of the long-held reputation of the Scots for fiscal prudence.

The McBroons seem to be heading for further loss of street cred when the G20 bandwagon arrives in London, amid demonstrations and anticipated refusal of some European countries to throw away more tax payers cash on the banking and government follies that are at the root of the current recession.

They know the McBroons are living beyond their means, having already brought the UK to its worst fiscal state and now wanting to save their own skins by sharing out the blame on Germany, France and Spain - who are faring light years better.

Best of the bunch is Spain, where todate, just one minor bank has been bailed out by the Bank of Spain causing the first big drop in banking share prices. But because the country has more financial controls than any other, the banks there are not exposed to the toxic debts prevalent in so many other countries with inferior fiscal governance.

Their shares may have dipped but their credibility remains high. There are still generous mortgages to help Brits, other north Europeans and Russians snap-up the amazing property bargains and it is likely that Spain’s property market will recover soonest as a result.

In the longer term the country offers greater governance credibility, lower cost of living and UK pensions can be collected from the local bank on the way back from the beach or a round of golf.

So over 50s may consider that buying a bargain property while they are available as a smart move that offers a blue skies climate, laid-back lifestyle and culture that are going to be good for fulltime living.