Let the taxpayer take the risk!

A good contact of mine has just alerted me to a BBC story about the French government close to agreeing to provide insurance cover for firms that offer credit to their customers.

Now it is one thing getting cash moving again - but this takes it to a whole new level.

I can't imagine the UK taxpayer being that happy to foot the multi-million bill for Woolworths for example.

Now all it needs is for our hare-brained government to come up with a similar idea. After all - it is awash with cash at the moment (ahem).