how can we get out of the credit crunch

the credit crunch has cost uk around £8 trillion pounds so far can we get out of it ?

the economic in any country in the world will depend on the daily expenses that people can afford and spend

so if we says the average daily wages for workers in uk is £50 then they can only spend this amount and if they need any more they will need either to find another job or get credit ,which for sure will effect they ability in the future as every thing is going up and the prices on the move but what will happen  when the day come and  they can't effort they daily expenses and what will happen if they get into debt and couldn't pay off they debt simply THAT IS WHAT HAPPENINGS RIGHT NOW 

so what if the daily wage increase and how much it will cost uk economic let us see,

Now if you  a worker and getting a £100 daily wages and your daily needs is £60 then you have another £40 to spend or to save so if we increase the interest rate for saving accounts along with increase in the wages

Benefit for unemployed has to be mush less the the average workers wages

more than 30% of unemployed in uk don't even thinking about getting a job as they will get the same money as they get when they are on Benefit so why they work ,so they should only get what they needs to spend in daily basis but not to pay a mortgage or to open a saving account 

Now what will happen in uk if we did so

Firs of all within a few month's there will be no more credit crunch every one will be able to pay off the daily needs and they mortgage payment on time at the moment the average mortgage payment compare to the average wages in uk is more than 45% of the total wages so there is nothing left too many people's straggle to meet they mortgage payment it is not because of the interest rate which is now very reasonable but it is because of  they very low wages they receive

with weekly wages around £500 and monthly of £2000 and average mortgage payment around £750

they will able to meet they mortgage payment easily and also go out for more shopping so the business sector will increase and become more stronger which for sure will effect the whole economic in uk

second after what they spend and pay off the bills they can open a saving account which for sure will help all economic and the bankers and will  increase the chance to settle the market in uk

so how much it will cost uk at the moment  for people of working age

unemployed benefit around £35 billion a year for total of 2,43 million around £96 million a day = £39.5 a day per unemployed family  = £276.5 per week include family tax credit housing and council tax benefit which i believe it reasonable but not enough  but the total benefit include working tax credit will reach £62 billion pounds 

and employed around 28.9 million at the moment  when the total population of 61.4 million

so how much uk needs to increase the wages and help the economic  around £1.5 trillion pounds not much compare to the massive loss of £8 trillion pounds without any benefit

in other way the tax and the vat income will increase far much more at least twice what it is just now if not 3-4 times vat and tax depend directly on the daily average spending per family

it is not magic or dreams it is fact can help ever one in uk  and maybe help the whole world

1- increase the minimum wages to £8 per hour or more  .

2- reduce the wages tax

3- increase the interest rate for saving account .

4-keep the mortgage rates as it is just now or slightly higher

4-slightly increase for unemployment benefit and to be less than 60% of the working average wages .

5-more control on all personal loans and credit cards and to be regulated by FSA , 90% of the credit card company in uk do increase they interest rates as soon as you miss one payment and no one can stop them from doing so as they are not regulated by the ( FSA ) financial service authority.

6-stop any mortgage lenders for adding charges and legal fees on any account whatever the amount of the arrear to no more than 0.5 % per calender month for the amount of the arrear only and not the total amount of the mortgage as the majority of the lender does ,they already charging interest rate on the mortgage amount ,the huge amount of charges and legal fee some lender add to the mortgage in some case can reach £1000 ,it doesn't make any sense to add charges and fee to increase the amount of debt when some one fill behind

some of the building society in uk do charge £135 legal fee plus £45  for miss payment charge !

and more than £200 legal charge as soon as you pay off  and clear all of you arrear

( this information is 100% correct and been submitted to the financial ombudsman )

if you are a hard worker then you deserve to get the benefit of the good wages and better life but if you are one of the dreamers who's not interested and happy with receiving benefit doing nothing at home so what benefit can britain get of you,

it doesn't make any sense that working people getting the same as unemployed and sure they do needs to get some but no way near any one working ,it has to be a very good advantage to get people out looking for work

foe sure i am not taking about disable , incapacity people ,or pregnant women , i am only taken about people who don't want to work and don't deserve to be equal to any one working

don't you think so

Mohammed Rateb