Last week there were further warnings from the Bank of England about the possibility of a recession. The new anthem for the Government seems to have gone from “Things can only get better” (Labour’s 1997 election theme tune) to “Things can only get worse”.

No domestic news coverage is complete without the prophets of doom predicting an impending economic downturn. However, there was a reason for optimism last week, as many of our young hopefuls received their A-level results, which again saw higher than ever pass rates.

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