The Guardian's Ashley Seager:
"We're going into recession. That's all you need to know. Actually, not quite all you need to know. It may be worse than that - we may already be in one. The turn in the economy, although it has been lurking out there for some time, has come swiftly and sharply in the past few weeks, as is often the case with recessions. When the economic history books are written, they will almost certainly say the late-noughties recession began in earnest in the late spring of 2008...You can search all round the data - and we have - for signs of strength in this economy and there are virtually none."
Oh joy. Read on, if you dare.