There are also doubts over the introduction of a pyramid system, which was also aired in the McLeish report.

BBC: Scottish regional league idea fails to win support

"I'm not convinced that if we had a second team playing in the Welsh League, that our future in the English pyramid system would be secured, " Ridsdale added.

BBC: CHOOSE A SPORT

No one can deny that the number of workers paying into the system at the base of the pyramid is declining relative to the number of retirees.

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The fact is even in the depths of a recession a banking system flush with excess reserves is always in a position to pyramid up its deposit liabilities, to create Uncovered Money Substitutes, regardless of the demand for loans.

FORBES: Monetary Watch December 2010: The Money Supply, a triple from here?