Economics

No Time for Misplaced Optimism

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Is the recession coming to an end? Chris Harman is sceptical.

Soon after Greg Dyke took over as head of the BBC he decreed that its coverage had to be much more friendly towards big business. One consequence of this is a second god slot in the 'Today' programme--only the god this time is not called Jehovah or Allah but money. The slot, for those of you who don't get up so early, runs from 6.15am to 6.25am, when it gives way to the lesser god of sport. One message comes blaring through, day after day. There is no need to worry about the economic crisis. It never hit Britain, and if it did it's already over, not just here but in the US as well.

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