"It is not simply liquidity and the restructuring of the banks. It is to enable banks to start lending again by whatever means necessary."
Gordon Brown, October 2007
The UK economy has become so dependent on credit growth that it literally can not survive without it. That dependency is so great that the Prime Minister announces that he will do literally anything to get banks to borrow. "By whatever means necessary" - that is Brown's promise.
This means he wants to bury UK households deeper into debt. Borrow for Britain, keep the economy growing by promising to buy today and pay later.
This is Brown's economic strategy. He means to turn us into debt slaves, bonded to the banks, with everyone worrying about how we will make those monthly payments.
UK households owe financial institutions around 170 percent of disposable income. We don't need more debt, we need to start paying it off. We need to return to some basic principles of sound financial management. We must start to live within our means.
This means no more debt.