On the day that David Cameron’s blue-sky, million pound happiness index is widely mocked, allow Guido to give you a little dose of reality. With the anaemic growth and a high public sector cash-requirement, there has been an increase in how miserable we feel, however the latest figures from the Office for National Statistics show our misery, like our growth, flat-lining around the “not as bad as it could be, but pretty low” area. Things will get a lot uglier if we don’t get economic growth…

N.B. Stats bods can check Guido’s adding up here.