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Financial advice from those nearest to God?
As net borrowing soared to £16 billion in November and the Government hurls more and more cash back at us with instructions to spend, spend, spend, the Archbishop of Canterbury questioned whether increased spending was the right way to tackle the downturn – he said it was like “the addict returning to the drug”
So now we have not only German Finance Ministers telling Gordon he’s wrong but also the head of the Church of England. Whatever next – a British Prime Minister who is as comfortable speaking from the pulpit as he is from the despatch box in the House of Commons?
To be fair to Dr Rowan Williams, two years ago the chances of dour, tight-fisted Chancellor Gordon crop-spraying recklessly borrowed cash across the population and yelling at us to spend it NOW were as likely as Scrooge presenting a life-size turkey to Tiny Tim. It just somehow doesn’t feel right does it? You have an uneasy feeling about it. As if Gordon’s scruples and morals might have been jettisoned in favour of cultivating the hero worship of the world he is saving.
Cue the highly moral Dr Williams.
The archbishop told BBC Radio 4′s Today programme that the country had been “going in the wrong direction” for decades by relying on financial speculation to generate wealth quickly rather than “making things”. The downturn, he added, might force people to rediscover the need for patience if they want to build sustainable wealth.
Mmmm…don’t recall the archbishop actively opposing this kind of wealth generation before it all went wrong (but I may have missed it). And you have to ask how much he knows about drug addiction, or getting a mortgage, paying bills etc etc.
So whilst it’s nice to watch the comfortably-off debate concepts of Keynesianism and morality, we lesser mortals must focus on meeting the financial costs of the religious festival traditions whilst , at the same time , fending off our regular creditors. Neither the archbishop’s ‘patience’ nor Gordon’s 2.5% VAT cut is likely to help us in the here and now – but a personal loan wouldn’t go amiss.
December 18, 2008 at 6:51 pm | Loans General Info, personal loan | No comment
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