Whitey Grandad

That is the contentious part. The government has claimed that it is off balance but the liabilities are still there, as we saw with Railtrack.

From the cash flow p0int of view, at the moment it's something like £150,000,000,000 excess spending over receipts per year. Our interest payments at the moment are £43,000,000,000 per year. I don't think anybody has been proposing cuts of that order. From the balance sheet, there are also the PFI liabilities that should be included.

I think it's a very noble of Avram to sacrifice this wonderful job of his in order to save the club a few pennies.

It's good to see that someone is taking it seriously. (not)

The problem is bad enough now. The trouble is that at current rates we shall overtake all of them in a few years.

The FL make the rules and they can do what they like, as we found out to our cost.

Then he must also have lived next to me!

Thanks, but I take no pleasure in it. Unfortunately the money has already been spent and now we have to pay back the borrowing. At the moment it is £43billion a year and rising.

The staple items are not subject to VAT. What's fair about income tax where some people pay nothing and some pay 50%?

It was around the time that Ball took charge. Ivan used to live in the same close as me and his daughters played with my kids so I often used to chat to him. I said that I was surprised that he hadn't applied. He said that he had, but that he hadn't even received a reply. He was pretty disgusted about that.

He applied for the job of manager and never even got a reply.

It'll go up to 20% and stay there. Dropping it to 15% was a mistake in my opinion. It makes more sense to tax spending instead of earning.

And the taxes were the death of others.

What on earth are you smoking?

Yes, an over-reliance on the City and a disregard for the manufacturing sector.

The banking crisis was a lot less of a problem in other European countries.

Is that with Pardew in charge?

Is that 'up' or 'down' the slope?

Understandable on such a day.

Not Cameroon then?

Thanks for reminding me. We've got all the dvds downstairs (apart from one in the Prime Miister set that I got from the US and has a duplicate). There's nothing on tele these days, and hardly any news...

Whilst we must guard against complacency there is certainly no cause for alarm. Or was that something else?

Robinson college though, not a 'real' one, the grass hasn't grown yet.

So, how long do you give it?

A sugarpuppy?