To me it seems like a slightly desperate act to lower the VAT by 2.5%, as it is reportedly expected to be in Alistair Darling the British chancellors pre-budget speech. In my mind it is just going to reinforce the idea that buying worthless crap is really the meaning of life.

But, at least this is a stimulus package that will reach the consumer directly and not have to filter through banks as cheaper lending. Will desperation save us all?