By the Way

WEDNESDAY, OCTOBER 22, 2008

By the Way

Lord Mandy of the Dark Art's permanent secretary is Sir Brian Bender KCB. Just thought Guido would mention that. No juvenile sniggering at the back.

Tail-End of a Labour Government, Pound Collapses

Government borrowing is at record levels, unemployment is heading towards two million, car workers are on a 3-day week, public sector workers are threatening strikes, nationalisation is back, Deripaska-owned Leyland is even in back the news and we are entering a recession. To complete the whole 70s era feel we have a sterling collapse. 6% last night, 20% since the beginning of the year.

The BBC's business editor is focusing on political gossip. Guido will therefore have to take up the slack on the business reporting front...