Unfortunately a small reality check is needed. The cresting amounted to 0.1%. To get to that the Dear Leader has printed £200 billion, discounted VAT and avoided anything that might resemble the tough painful measures that are required to fix our broken economy.
VAT has now gone back up. While I suspect that Gordon “The Abyss” Brown would be more than willing to print another £200 billion, I think that even his dodgy colleagues might baulk at the prospect.
It looks like the economy is on a roller-coaster. The train is at the top of of a brow barely moving. I suspect it is about to move back on down. Lets hope that somebody (anybody) takes charge soon. Otherwise we are going to hit the buffers. At speed.