Harold Wilson once mused that for the man who had just lost his job, the rate of unemployment was 100%. This means that for those of us still employed the rate of unemployment is 0%. That hurdle overtaken we can look forward to the recession with optimism:

• Our mortgage, overdraft, & credit card bill is cheaper thanks to lower interest rates.
• House prices are tumbling, making it the ideal time to buy, move up market into that nicer area we’ve always longed to live in (think Pimlico).
• The crash in the value of the £ has made London stupendous value for money on the international market. Standby for a flood of tourists this summer, but it doesn’t stop at tourism – for any international business London just became cheap as well as best.
• As The City & Banking just became the pariahs of the Business World we will see our brightest & best young people go into useful careers (think Teaching, Engineering …. )
• At a time of major investment in The Olympics, Tube upgrade, the East London line, DLR extensions, and Crossrail, we will get better value for money from the expenditure.