When it comes to spinning the government’s line, the BBC is usually right on the nail. Lead by the egregious Nick Robinson, whose blog I read every day merely to re-inforce my dislike of the corporation, Gordon Brown – whose name leads the news bulletins more often than not – has had no more loyal ally.
Rarely does discussion of the current financial crisis go without cursory mention of 1990-2, a recession caused by an entirely separate set of problems and the fallout of the admittedly imperfect Thatcher reforms.
But in case anyone thought that what we are currently experiencing is one of “those” recessions, the corporation has done us all a rare favour by compiling this little graph showing economic growth patterns, which clearly lays bare the facts – that the current situation is far graver and deeper than 20 years ago.
In Woking, the council announced some positive news on the borough’s economy with the unemployment rate steadying at 2.4% (as opposed to the Surrey average of 2%) after climbing sharply since January. There was some talk in the council chamber on Thursday of “green shoots” – not a chance.
We have just brushed the economic iceberg and in order to prevent total catastrophe more than the proverbial chairs on the deck will need to be re-arranged. The world is about to change.




