Not wanting to be doom mongers or anything but this week the bad news continues after last week’s rubbish GDP figures. Even the mighty Slaughters has opted to cut associate bonuses in half from 10% of salary to 5% whilst continuing with a salary freeze until the end of this year.

More widely, the prognosis for patient UK is looking horribly poor as the public sector faces massive cuts. Centre for Cities said in the Guardian that graduates would find it harder to get work in the public sector, where up to 290,000 jobs were expected to be lost between 2009 and 2014. It said that unless more highly skilled jobs could be generated in the private sector, cities would continue to see graduate unemployment rise. They had better not be hoping that law will be part of that expanding private sector any time soon – the evidence to the contrary is strong and we know that the number of graduates fighting it out has already ballooned.

To top things off, the UK might not attain the prestige of the first presidency of Europe due to certain issues with our preferred candidate. A blow to the UK perhaps but not one which everyone will mourn. All the obvious reasons why people might not be keen have been dicussed in the MSM (legality of war, choice of buddies etc). Meanwhile Charon QC has noted a number legal developments that occurred under the stewardship of that particular candidate which read like the Stazi’s wet dream. Imagine the whole of Europe being encouraged into the civil liberty plug-hole that we have pioneered here. Nein danke. Au revoir.

The only way is up.

We hope.