With the economic clouds looming over our country some economists are prediciting 4 million unemployed and a 40 per cent drop in house prices. Let us hope these predictions are wrong.

But if the attempts of the various central banks to shore up confidence and liquidity in our markets fails, where will the liquidity come from? The cost of loans will increase, we will all be paying a heavy price for the losses from very exuberant lending over the last 10 years.

It sends a chill through us as we begin the holiday season. Let us hope that any economic turmoil will be short lived. This government’s actions in relation to Northern Rock have still not been accounted for. There may be a heavy price to pay for us all in the future.

Some good news is needed! How about the fact that my daughter is singing at the Royal Albert Hall on Friday. She is only 6. Kylie had better watch out!!