Just a few thoughts following the current business news and other recent events.... The IMF are warning that the UK should reduce taxation. We have slipped down the competitiveness scale from 9th place to 12th place. Growth prediction halved - and it was originally only half (or so) that of Europe's anyway. One year on, the coalition government is still blaming everything on the Labour years - which to my mind implies that they don't actually know what to do. Following on from the students' demonstrations, industrial unrest is looming due to the government's planned austerity measures. A couple of our clients went into receivership over the past few months, the rest are seating tight and hardly spending any money. Many of them seem to be now thinking that just sitting-out the recession is no longer an achievable goal, and their hopes for recovery in the foreseeable future are diminishing. Some of the Charities we work with say that their sources for large donations have almost dried-up. Members of my family tried to board a train from Waterloo last night. Apparently there was an incident near Epsom, where a passenger was seriously injured and stopped the train mid-route to Waterloo. However the station became a battlefield - the barriers were all lifted due to the crowd, police and train employees all disappeared from sight - and it seems that some people tried to board trains rather violently. Trains were boarded packed but had no crew so were going nowhere - and there was absolutely no information available. In all that chaos, bizarrely, the ticket office (well protected behind thick glass) kept selling tickets for the non-existent trains - claiming that they are not aware of any disruptions. (*deep sigh*) Is it all related? Are we really 'past-it' as a nation?