... that our news values are anything other than spot on: "Sovereign and banking strains are the most material and immediate threat," says the Financial Policy Committee, chaired by the Bank of England governor, in its inaugural report.
This is why we've been "banging on" over the past weeks. We are faced, truly, with a threat so serious that it should rarely be off the front pages, for which the government should have set up an emergency committee, and on which parliament should be getting daily reports and holding debates.
Instead, what passes for a government is obsessed with its "grid", the newspapers insist on treating this as a "business" issue and the MPs are in the land of the fairies. Yet, as this latest news indicates, we are past the point of no return.
Come what may, we are in for a shit-storm. I, for one, would like to know what our idiots-in-power intend to do about it ... whether indeed they are sufficiently in the land of the living to realise what is going on.
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