Good news?

In today's Observer Will Hutton voices the opinion that "Despite the doom-mongers, the UK economy isn't a basket case after all".

Of course he is getting roundly attacked by the Tories who haunt the CiF forums, but the case he makes is a strong one, and well worth making.

The dire predictions of soaring unemployment and collapsing markets have not come to pass, at least not as badly as most pundits feared.

And a big part of the credit is due to the Labour Government taking the correct action, swiftly and decisively.