There have been plenty of financial press articles this week about very gloomy stuff, like the supposedly-to-come property crash and the recession that will follow lockdown. In fact, former Chancellor George Osborne said that ‘‘The politics of the UK will be governed by recession and recovery for many years to come’. He, as Mr Austerity, is the man who should know. Are there any glimmers of financial hope? Of course. The oil price is going up (no problem as we can’t drive anywhere), some (mainly tech) companies have increased profits and stock markets are up 20%…ah, no, they’re down again, make that 15%…
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.
