I would have nationalised NR, split it into a good bank and a bad bank (Just as has been done) Then I would have merged the good bank with the post office. Sat on the bad bank and waited for the dust to settle. The Post Office Bank would be floated off at a later date.
Stress testing of the other Banks would have started as soon as NR was in trouble.
Act off parliment making it law for remaining banks to hold enough colateral to cover themselves.
RBS HBOS would have been left to the markets, Lehman Brothers style.......
No bail out. The others could then go in and devour the carcass's.
Dealing with the credit crunch is a little harder:sad:
Post office bank would be undercutting the other with buisness loans.
I would not have printed money
that will really hurt in the coming years.
Your going to love this!!! I would have given every tax payer in the country a rebate Max £1000.
Reinstate the tax breaks for Pensions.
Later.............. about 3 months ago.
Act of parliment forcing the 3 remaining major banks Lloyds, Barc and HSBC to reduce their UK share of the market to a Max 20%, opening the door for Branson and Reid to open up in competition. (You didn't think I was going to let them get away with it did you
Raise state retirement age from 65 to 67 starting in 2012. (Sorry, but someone has to do it!:sad
Soon 1 to 5 years.
Pull out of Afganistan.
Cancel all further orders for eurofighter.
Invest in SLAM-ER (Nuclear capable for attack aircraft) and contiune with the purchase TLAM-D and Tac tom in the future. (Conventional warheads) and Nuclear capable Criuse, sub launched.
Purcahse Lockhead F-35 jump jets for our carrier's.
Lynx program to continue.
Challanger program to continue.
Unifiy the armed forces into one force, their mission to defend the UK. and assist in Peacekeeping for the united nations.
Instantly deport anybody entering the country illegally back to country of origin.
Reduce Seats at parliment to 400.
Elected House of Lords. Right to vote stripped from all hereditary peers. Hereditary peers to end on death. Reduce seats in Lords to 400.
thats a start................