Guido is watching a preview of film maker Martin Durkin’s very accessible look at the economic situation we are in. As Ireland’s political class mortgages future generations to keep the ECB and bondholders happy it explains the full extent of the financial mess the UK is in. Not quite at Irish levels, but if Gordon had won the election…

Durkin’s film is polemical, but he is right, inflation and debt are going to impoverish us for generations. Worth watching tonight on Channel 4 at 9pm. Though it may give you nightmares…