One fact which both our politicians and our educational system hide from us is that Britain is one of the few developed countries in the world without a written constitution. This suits politicians just fine, of course, since it means they can do whatever they like. Within our pseudo-democratic system which is in reality dictatorship by prime minister, our glorious leaders have carte blanche to ruin the public finances, give away our sovereignty, and take the country into a war which was probably illegal and definitely unwanted. Does it not seem strange that these things can be done without even a referendum?
So far as the public finances are concerned, a written constitution would bring many benefits. We could for example enshrine the right (for the electorate) or the obligation (for the politicians) of a balanced budget. Government could run a deficit in difficult times, but only to the extent that they had accumulated a surplus in previous, better years. Similarly, the constitution might require that any Government borrowing had to be on index-linked terms, and made available to retail investors, thus both affording an opportunity for people to save for their retirement without fear of inflation, and giving Government a vested interest in minimising inflation rather than, as at present, maximising it.
You will find a link to a poll on this question on this blog. Please do record your vote and also feel free to post your comments and views, either here or on Twitter. Unlike our politicians, this blog believes in true democracy.