Reasons to be cheerful, one, two, three? Not that many if you can’t afford to put food on the table. Many can’t, which is a disgrace in the 4th richest country in the world. But here are the positive spins. The economy, rather than catching something terminal, has effectively been put into an induced coma, from which it can be revived with the right medicine and encouragement. What’s happened is best described, not as an economic crisis, but a natural disaster in which few have or will have any sort of competitive advantage. So if our government can get ahead of, rather than remaining a couple of weeks behind, the curve, we could have more than ‘Summer, Buddy Holly and the working folly’ (kids etc.) about which to be cheerful.
“UK slips into recession as economy contracts 0.1% in December”
This week’s big economic and bad election news is that we are, or certainly have been, officially in a recession. You may not have thought you were, or you may have thought you have been for some time, as we and its effects are all different.