http://www.timesonline.co.uk/tol/life_and_style/career_and_jobs/article4878390.ece :-(

Nice.

I rang the bank on Friday and the "on hold" muzak was "Don't You Worry 'Bout a Thing" by Incognito. That got me worried.

This isn't bad news for us though, is it? (I say very tentatively). We can get jobs in academia that is, for the most part, unaffected from the economic downturn (as talked about on another thread on the forum).

The article speaks the truth, I know lots of grads who have had their sparkling city jobs suspended or withdrawn. This is what happens when a government attempts to push 50% of high school leavers into university without considering what happens when they emerge from the other end of the sausage factory.