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[Sir Tigger KC]

Surely there must be a legal stance on this

It's unlikely, but if there is a conclusive result at the election in May whoever is in power can change the law. If Labour have a large majority there will be huge tax increases and the Tories will implement savage cuts. 

I doubt either would implement 'cash grabs' though as that would be electoral suicide.  The EU mooted the idea for Cyprus last year, but then the EU aren't accountable to the electorate.   

[The Sheriff]

There is a raft of emergency measures which the government can implement with no notice. I'm not sure which one would cover a scenario such as tbis but it will exist.
I'm reasonably sure that it won't go as far as this, I was merely scaremongering pointing out what could happen in the most extreme circumstances, to try to give some idea of how far a government could go if necessary.
One thing is for sure, we can't carry on as we are. Things will have to change. So, either put your tin hat on, or accept we have had it too good, for too long.

[Terbs]

They ain't having my money whilst this sort of thing is going on......

Google Stephen Dorrel MP and see what comes up

[aaronjb]

Good reason to have all your cash in non-personally-identifiable assets rather than cash in the bank..

Of course then they'll outlaw the assets, e.g. personal ownership of gold, e.g. see EO6102 in the US when personal ownership of gold was made illegal in 1933: http://en.wikipedia.org/wiki/Executive_Order_6102

[Varche]

Heck it was just an idea on how to raise some tax. I got a bit ahead of myself on the road analogy. Sure currently we in the Uk sort of pay a flat rate (road tax) but a pay per mile in tax on fuel. The sensible thing to do is to make it just so much a mile with economical cars paying pro rata less. I believe soon all mileage will be taxed on an as you go basis. All I was proposing was the same with Internet usage. OK so it might tax people a little on their "learning" but I still maintain the vast amount of personal Internet use is recreational.

If the national debt is £78,000 for each man, woman and child the money has to come from somewhere unless we right it off somehow. We can't just keep increasing it or can we?.

[The Sheriff]

Heck it was just an idea on how to raise some tax. I got a bit ahead of myself on the road analogy. Sure currently we in the Uk sort of pay a flat rate (road tax) but a pay per mile in tax on fuel. The sensible thing to do is to make it just so much a mile with economical cars paying pro rata less. I believe soon all mileage will be taxed on an as you go basis. All I was proposing was the same with Internet usage. OK so it might tax people a little on their "learning" but I still maintain the vast amount of personal Internet use is recreational.

If the national debt is £78,000 for each man, woman and child the money has to come from somewhere unless we right it off somehow. We can't just keep increasing it or can we?.

Wellll.....the yanks were at $14 trillion at the last count