I don't profess to be an economics guru, but there's one thing that puzzles me about the government saying that our economy is in a better state than others to withstand the global economic slowdown.
If that is so, why has the £ plummeted against the dollar and the euro? Surely if we were in such rude economic health the £ would be rising against the currencies in all these other countries with supposedly weaker economies?
Am I missing something, or did my Grade E at A Level economics (Grade A in today's money, no doubt!) achieve something after all?