We should return to old currency
Published 25/09/2010 | 05:00
The bank bailout is bad enough but the continual borrowing to sustain the public sector and the growing social welfare bill means inevitable rescue by the European banks and the IMF.
Our last piece of independence -- the corporation tax -- will be the first casualty.
Bye bye the multinationals, as we are thrown to the market wolves. But perhaps there is an escape from this humiliation -- a return to our old currency. And, yes, that would entail a massive devaluation against the euro and sterling, but would that be such a disaster?