Running an economy is simply an extension of running a company - if you're in debt and your revenues are falling the last thing to do is borrow and spend. People who can't see this are blind to reality.

Chris , St Martin, Jersey

How about this. Deflation is a danger next year, so we still want to have a little inflation. One way of creating inflation is to print money, one way out of the government debt is to print money to clear it - QED - print money!

Could I do any worse as chancellor than Brown and Darling?

Andrew, Cambridge,

A suggestion for all those who think we have any choice but to increase debt and spending, please go to youtube and search for 'Money as debt' video by Paul Grignon. Once you have seen it please pass it around - its completely fascinating and if right very scary!!

pd, bristol,

Anthony, this isn't like Japan as they very gradually reduced rates over many years which led to the stagnation of the economy. It was too slow and too long, while ours is a short sharp shock to the system to put cash in our pockets to help the economy. They won't be low for long, maybe 12-18 months

Matt, Leeds, UK

Labour still can't see that this is the unravelling of the Ponzi scheme they have presided over for the past decade. Ultimately the only way out of this mess is hyperinflation. The BoE will print money to destroy debt, concomittantly destroying peoples' savings and pensions.

j dickinson, middlesborough,

Unfortunately most of us realise that when Brown says invest, what he actually does is waste, waste, waste on committees and clipboard-bearing jobsworths.

Cameron is right not to dig the hole deeper; the way forward is to rationalise and spend the savings we make...

Dave H, London, UK

I keep asking, and nobody replies, where is all the money going?

Of course, with such a depressed economy we will become the new 3rd World, and all those offshored jobs will come flooding back.

Ron, Milton Keynes, UK

Global recovery will come from governments & PLCs creating new values on sustainable growth and quality living - responsible urban development, cleaner energy & fairtrade - not increased consumer spending on disposable goods. This requires strategy and investment. Thumbs up Gordon. Grow up Cameron.

Russell, Brisbane, Australia

0% interest rates didn't help Japan in the 90's - and it won't help the UK now either. Why? The rate cuts won't be passed onto borrowers, the £ will fall even more thereby importing inflation compounded by the Treasury simply printing more money. We're well and truly stuck in the Brown stuff!

Anthony, Leeds,

Brown and Darling say this recession is not of their making. But Brown did claim responsibility for the preceding boom years.

He can't have it both ways.

Tom Welsh, Basingstoke,

'0% Interest rates = Major Disaster for the UK, what do you do then' . Simple the next step is quantitative easing it over name is printing the money and giving it to the banks to lend. I understand that the Americans are doing this or about to, however, the last time this was done was in the 1930's

Philip Harris, Lancing, uk

So the pound drops like a stone and the poor are urged to shop till they drop and forget about liquidating debt. Everyone I speak to says it is very unwise not to reduce debt, except this Government. If this was their Financial advice they would be had up for bad advice!

James, London,

Lowering interest rates and reducing VAT have not brought any joy to date. If a 0% rate were introduced, surely it would announce to the world that Britain's economy is in a worse state than previously thought? If so, then it would be a death wish.

Dwight Vandryver, Scholar Green, UK

Yes, Cameron is out of line with most of the rest of the world run by big government socialists. Good!

Simon Bee, Mons, France

RIP New Labour.

Thank goodness.

Tim A, London,

Unblock the Microenergy Bill, and release the constraints, there is so much business to be done, so many sales, so many jobs, so many benefits for all!

Clive Burghard, Lancing, ENGLAND

The economic predictions by this government goes out of credit within a fortnight. How can we trust their ability to manage the crisis let alone solve it. More and more of the cut in interest rates and borrowing will not do.

S Yogarajah, Harrow, UK

0% Interest rates = Major Disaster for the UK, what do you do then ??????????

And when imports ( everything the UK needs and uses oil included ) cost 5 times as much?

Peter, Aldershot, UK

we should let the recession take its course, by borrowing to intervene at a time when we already have massive debts all we are doing is prolonging the recession. what sort of insanity is it, when we are losing jobs hand over fist to promise to make the cost of the average job £100 pa more expensive?

will, grimsby, uk

You can NOT spend your way out of a receession. Full Stop;

Brown and Obama are both wrong. But, God help us, they seem to have a monopoly on power right now.

May the Lord have mercy on all the people in the UK and the USA who wll come after us. - They wlll need it!

Edwin, Bucharest,