This budget season, and so a short perambulation around the vexed question of the national debt seems in order. As a nation we've been living with debt for more the 300 years now, since 1694 to be precise, when Scottish privateer William Paterson persuaded the government of the time that creating £1.2 million of IOUs would get them out of their spending difficulties.
Commercial banks should be forbidden from creating ‘virtual’ money, argues James Bruges – our debt-and-interest economies can only lead to collapse or war.
As the bluetongue virus sinks its teeth into British livestock, there is one appalling certainty: like the outbreaks of Mad Cow Disease and foot-and-mouth before it, some farmers will see no way out, and take their own lives. Farmers in Britain are the profession second most likely to commit suicide (after, bizarrely, dentistry).
