The Worship Of Youth Has Diminished -

The Degree Of Leverage Now Being Reversed Is On A Staggering Scale, And The Underlying Global Imbalances – Notably Between The Savers And The Spenders – Will Require Long And Painful Adjustment.

Now The Main Areas Of Higher Education That Still Enjoy Considerable Financial Support From Government Are Subjects Like Engineering And Science And The Research Ringfence Which Is The Basic Minimum To Protect Britain's Scientific Competitiveness.

You Can't Win With Some People. If You're Not In Government, You're Criticised For Being Not Serious. If You Are In Government, You're Criticised For Wanting Power. That's The Labour Party's Line Of Attack, And It's A Bit Ridiculous.

I Fear That The Rising Personal Bankruptcies And Repossessions Are The First Signs Of Bigger Problems To Come And Personal Debt - Gordon Brown's Legacy To Millions Of Britain's Families - Will Hang Like A Millstone Around The Neck Of The British People For Years To Come.

The Economy Has Become Seriously Unbalanced. Its Growth Has Not Been Driven By Investment Or By Overcoming Britain's Long-standing Weaknesses In Investment And Productivity, Particularly Skills. Instead, There Has Been A Binge Of Debt-financed Consumer Spending.