Boris Johnson in the Telegraph: Financial crisis: “Eat, spend and be merry – this is not the end of the world”

I don’t want to seem indifferent to suffering, and I don’t want anyone to accuse me of minimising the likely effect of the recession, because the coming months will very probably be a lot tougher – for millions of people – than the boom times we have all recently enjoyed.

But after reading the BBC’s special market crisis website, complete with its jagged red arrow pointing at the floor, and after hearing the pornographic glee with which we are told that another small country has gone up the spout, and after Mr Bean, the Deputy Governor of the Bank of England, has informed us that this could be the worst financial crisis in history, I am afraid I want to thrash my FT on the table and shout, Whoa! Come off it, folks! This isn’t the Black Death. Pinch yourself. Are you still there? Got a pulse? Thought so. Look out of the window. Those aren’t zombies. They are men and women engaged in the normal business of getting and spending.

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