Colin is right; cutting interest rates will not only fuel inflation it will render any savings worthless. Back to the 70s again.

Marcher baron, Welsh Marches,

Time to stop sending and start saving! put interest rates up,stop the new labour spending so money and giving hand out for votes, the national debt will have to be payed, taxes will go up if new labour stay in power. Gordon brown just took over when the economy was on the up,not hard when look at it

oliver, colchester,

There is nothing Gordon can do...other than the decent and honourable thing of falling on his sword. This act will save the taxpayer a fortune if it means that his "pension for life" is not payable.

colin, wolverhampton, UK

Will this recession finally convince Brown that he did not put an end to economic cycles and selling the family silver cheaply during the good times was just a bit stupid really, as was fueling growth on the back of unsupported debt. He's looking just a wee bit of a Dumbo right now.

D Case, Newquay,

What's surprising about Brown's showboating, as Willie Mac calls it? He's never livid in the real world and knows nothing outside politics and the occasional literary jaunt. He's in denial on everything as he understands nothing.

Bill Harding, YORK,

It's only grim if he reads it, and GB clearly isn't listening to what people are saying because if he was there would be a general election on the way.

Bill, Knaresborough, UK

IfIf 'isn't Brown's fault' the global economy causes current dificulties- thus it wasn't to his credit that the last decade was globally succesful.

What is to his eternal detriment is the imprudent manner in which reserves were squandered to procure re-election, & during tmes of plenty.

s.mcn., Harrogate,

And where is Mr Brown as the economy goes down the pan.

Yes off to Beijing to bask in the glory of our top class athletes who have done so well.

He was said to be the man to steer us through these hard times. So what has he done. What is he doing.

Yeh, showboating in Beijing

Willie Mac, Arden, Scotland

If the Bank cuts interest rates, the sterling exchange rate will collapse further and that will cause inflation to rise. Still, at least exports get easier... we're back to being the 'sick man of Europe'.

Colin, shrewsbury,