Just how bad are things, and why are they not letting us know just what is going on?
Some anecdotal evidence reaches me about the state of the economy with mainland businesses undertaking suicidal pricing which is having a detrimental impact on local traders. If that is heading our way, then it is much, much worse than I feared. The Bank of England minutes from today will make interesting reading.
The markets have reacted by not reacting, indicating it might not be enough of a cut. Unbelievable as that might sound.
The advice from today - cash is going to be king over the coming year, and those without cash, no matter how profitable the business is, will be in trouble.