lol emz, that almost as stupid as the idea that some 1 put forward on radio 4 (was stuck in the car with the old man)! his suggestion was to make everyone with over a million in assets/cash to pay a percentage of their total £ to the goverment (e.g 1 million - 200,000 payment to goverment). But this would never work as people who have a million would just move out of the country. therefore negating the tax on their stuff.
Seeing as education is the single biggest drain on the taxpayer every council should close down their worst performing school and give the money back to the state. This would bring in billions in the nations hour of need and would be an act of pure patriotism. Once it's all over parliament could then introduce laws to help those unfortunate kids to get jobs/houses etc...like they did in the US after 'nam.
Unfortunately nowadays that sort of thing is frowned on...shame really.
Another answer would be to copy the yanks and double the prison population and get them working on production lines in light industry. So long as you pay them something it wouldn't be classed as slavery.
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@ETHIX We could easily keep them out of trouble during school hours (very similar to how it is now) and give them balls etc to play with. We could also airlift the cleverest dozen or so from each year into other schools.