“The truth Prime Minister, is that you have run out of our money”, were the words Prime Minister Brown heard in Parliament March 24, 2009 from Daniel Hannan-European Parliament (MEP), representing South East England for the Conservative Party.    “Every British child is born owing around 20,000 Pounds.  Servicing the interest on that  debt will now cost more than educating the child.”  MEP Hannan stated.     MEP Hannan also let PM Brown know that he had run the economy into a deficit that ... Read More

Times are really really hard. Most of us grown ups already know what’s going on with  our economy.   But how about the young ones? What is their idea of the country’s financial situation? A group of primary School Children were asked to give their own understanding of  the most widely used economic terms at the moment. The following are the best answers chosen by a team from This Is Money: Credit Crunch • “A credit crunch is when banks stop ... Read More