London and see how much the bankers are spending in their homes in SW London. 600,000 kitchen extensions, 400,000 basement excavations, Ferraris, Porsche etc Bonuses are to be paid in February and they're getting the builders in in readiness to spend the dosh - a lot of it funded by the taxpayer. This man is a genius when it comes to hindsight. He has been around long enough to know what was going on and what is still to come. Alas, he has done NOTHING to stop the rot. Maybe he has been ordered by the EU to share his depressing pessimismus and get the Brits in line for even more misery. Usual government propaganda. Fact is, Britain has been in decline since the 1880's. It is now 27th on the World list in terms of GDP per Capita (OECD). It falls another place every 3-5 years. Unions, PC, and Socialism in general has taught generations of people that they can live beyond their means. Someone else will pick up the tab. Obama won the recent USA election...why? Coz the Americans as a whole have joined the rest of the Western world in voting themselves a lifestyle they are not willing to earn. (Canadian commentator Mark Steyn.) Their only answer to the permanent decline is tax, tax, and more tax. Not a word about how to increase production, output, wealth, or anything that actually improves the collective life of the Nation. Westminster - irrespective of which Party feeds the BBC