2008's a year we'll never forget

Daily Mail
"Today, the entire British banking system is in crisis. The Exchequer faces an exposure of at least ten times what Northern Rock cost, and still counting.The British economy has entered a recession which threatens to prove the worst of modern times.Contrary to Gordon Brown's endlessly repeated deceits, this country is worse placed to weather the storm than any other major world economy, because as Chancellor he spent recklessly through the good times.The pound has fallen in value by more than a quarter against almost every other currency and is virtually equal with the much derided Euro.".....Just as we still have no idea how bad this recession could get, so the only certainty about the next General Election is that whoever wins it will inherit an empty Exchequer."
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UK stocks suffer their worst drop since the year of the three-day week as the worst economic crisis in living memory shook the UK's economic foundations.(Telegraph)
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Anger over knighthood given to Treasury chief, Nick Macpherson (The Times)