Wednesday, May 16

Up shit creek

And no idea which way to paddle. “Were in our climacteric period,” says the deputy governor of the Bank of England, “past our peak and no longer potent.” Fills you with confidence doesn’t it. If I was running a business I’d be loath to invest anytime soon. Then again, most all the BoE’s forecasts this past ten years have been woeful, see no reason why the Threadneedle Street gang should suddenly sprout a brain. The lack of leadership in the country is mind-boggling, not least from No10. None of us wants to gallop into the valley of the shadow of death, but at some stage somebody has to shit or get off the pot.

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