Preaching and practising

The Government is screaming at us all to spend to save the nation and yet Northern Rock yesterday raised some of its fixed rate mortgages and Ofwat is suggesting that the UK water companies should reduce their capital expenditure plans. Meanwhile David Cameron, who had been so scathing about the Govt mooting the possibility of abolishing stamp duty for first time buyers before daring to implement the policy, is now hinting that as PM he may phase out final salary public sector pensions, although he hasn't yet "ruled any option in or out."