OK so it’s official – figures released today by the Government confirm that the UK is in recession. As if we didn’t know already.
On the bright side, (if you live on the continent), the collapse of Sterling against the Euro has made the UK much cheaper than it has been for ages. In fact, the slide in value of the pound over the last 12 months is the most serious drop in value since the UK abandoned the Gold Standard in 1931. (It’s a poor day when you don’t learn something new – use this fact over dinner tonight as the family look on in quiet admiration).
Eurostar have reported revenues from European traffic were up 15%in December 2008 for incoming traffic to the UK, and we are now 40% cheaper than we were for Japanese tourists a year ago. We should all take a leaf out of Audrey Hepburn’s (as Eliza Dolittle) book in My Fair Lady and be grateful for small mercies.
Instead of concentrating on negatives, let us be grateful that we are in fact three times richer today than we were in 1950. Having said that, the proportion of people saying they are ‘very happy’ has fallen from 52% in 1957 to less than 40% today, so it seems cheap clothing and plasma screens are not the way to happiness after all.
You can have a look at the latest survey on happiness published on the BBC here which makes interesting reading – especially if you were contemplating moving to Denmark.
And finally, here’s the 30 best songs ever written about money complete with links to the songs themselves compiled by the Times – enjoy!
“Happiness is a butterfly which, when pursued, is always beyond our grasp, but which, if you will sit down quietly, may alight upon you”.
“Some people cause happiness wherever they go; others, whenever they go”.
“The budget should be balanced, the Treasury should be refilled, public
debt should be reduced, the arrogance of officialdom should be tempered
and controlled, and the assistance to foreign lands should be curtailed
lest Rome become bankrupt. People must again learn to work, instead of
living on public assistance.”
Cicero – 55 BC