Today’s financial crisis – and the resulting damage to the UK’s broader economy – is of monumental historic importance. The future of the free world may not be at stake as it was in Churchill’s day. What is in jeopardy, though, is the prosperity of the British people for at least the next 15 to 20 years. In the balance, is nothing less than this country’s place among the world’s top-ranking nations.
The fall-out from “sub-prime” clearly can’t be compared to the horrors of the Second World War. But readers should be in no doubt that current events and our leaders’ reaction to them will affect Britain’s future path more than any episode since then.