Government borrowing is at record levels, unemployment is heading towards two million, car workers are on a 3-day week, public sector workers are threatening strikes, nationalisation is back, Deripaska-owned Leyland is even in back the news and we are entering a recession. To complete the whole 70s era feel we have a sterling collapse. 6% last night, 20% since the beginning of the year.

The BBC’s business editor is focusing on political gossip. Guido will therefore have to take up the slack on the business reporting front…