Recession warning

In this month's Business Gazette the head of Cumbria's chamber of commerce warns that there is a real danger of recession. This is correct. Promises of "no more tory boom and bust" from Gordon Brown have been shown up as the humbug they always were.

The government does not bear 100% of the blame for this recession - some of it is due to world factors. But Gordon Brown's failure to put more money aside in good times is exacerbating the problems now we have hit a bad season.