Who is well placed?

A frequently comment by members of the government is 'we are well-placed to survive the economic storms raging around us'.

I don't want to hear this any more. The 'we' may refer to senior members of the banking fraternity who, having been bailed out by the government, will continue to receive their obscenely large bonuses - or to hedge fund managers taking advantage of companies in difficulty to buy them on the cheap (and then make £ millions).

The 'we' is certainly not senior citizens struggling to pay their electricity and gas bills, or families with growing mortgages, or young people trying to buy a house.

Yes, the government has taken some minor steps to help, but nothing on the scale of the £ billions made available to the banks. We are a rich country (5th richest in the world, I believe).

But the riches are most unfairly distributed and the posts which follow will describe what must be done about this - not next year, or next month, but action now.