As someone who often sees the glass half empty rather than half fall, I'm in my element this weekend. The dark clouds just keep on swirling overhead – there has been no end of gloomy forecasts.
My favourite is the reported comment by Mervyn King, the governor of the Bank of England. He is reported to have said that whichever party wins the election will have to impose spending cuts of such severity that they will find themselves exiled from power for a generation. more...
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