A virus in the new improved Chief Tax Inspector's computer has resulted in the bankruptcy of the Government.
All tax paid in the last year tax year has been returned to tax payers with apologies for the error. The Treasury is left with the Crown Jewels to finance the economy.
Prime Minister David Cameron, whilst planting carrots in his allotment, assured reporters that nothing would change. 'Don't worry' he assured us 'those mistakenly sent rebates will return the money when they realise that the Tax Authorities have made a cock up.'
However, just in case, the Treasury is urging an application by the Government to the International Monetary Fund to seek a loan.
Citizens fearful of huge tax increases in the pipeline and massive cuts in services - including the reduction of the prison population to about 500 - are emigrating with their unexpected windfalls.
A happy Nick Clegg said: 'We have reversed the trend of net immigration to this country, something LibDems have been advocating for years.'