Verse 1:
     --------

     G                        F
     Isn't it about time, you faced up to the facts,

          C                              G
     That you and me are heading for the axe?

     G                       F
     Isn't it about time, we cut the safety net,

         C                                    G
     And said goodbye to the bitterness and regret?


     Chorus:
     -------

     Em                     G
     A gulf has opened up between us,

     Em
     You have to face the facts,

         Am                Am7
     the tyre's burst, you can't go back,

           C                 ( C? D7? D2? Not sure about this one)
     We've used it up, there is no slack.


     Verse 2:
     --------

     G                       F
     Isn't it about time, we went our separate ways,

         C                                   G
     And said that this old dog has had it's day??

     G                       F
     Isn't it about time, we brought the curtain down,

        C                                    G
     On all the sad old dead-ends that we've found?


     Chorus:
     -------

     Em                         G
     The ground has opened up between us,

     Em
     You have to face the facts,

         Am                Am7
     the tyre's burst, you can't go back,

           C                 C
     We've used it up, there is no slack.


     Instrumental:
     -------------

     G G G G F F C C

     G G G G F F C C G G


     Chorus:
     -------

     Em                     G
     A gulf has opened up between us,

     Em                                Am                Am7
     You have to face the facts, the tyre's burst, you can't go back,

           C                 ( C? D7? D2? Not sure about this one...)

     We've used it up, there is no slack.

     Vocal fade-out:
     ---------------

     Isn't it about time (isn't it about time) etc

     Sung over the G - F - C - G chord sequence.

     -------------------------------------------------------
     So what about that C/D7/D2? Is it just a C, and the
     bass line is confusing me? Not difficult...
     -------------------------------------------------------

     PS The underlying riff throughout most of the song is very
     reminiscent of the "Start" (The Jam ) and "Taxman" (The Beatles)
     bass lines...