This morning's Graun reprints a handy guide to the Fiscal Cliff currently going round the City. It takes some numbers from the US financial situation so mind-numbingly large that the intellects of ordinary chaps like me reel at the prospect, and removes eight noughts from the end of each. To illuminating effect.
Here's the relevant bit (just add eight noughts, if your brain is up to it):
"Annual family income - $21,700
Money the family spent - $38,200
New debt on the credit card - $16,500
Outstanding credit card balance - $142,710
Total household budget cuts so far - $38.50"
Yes, you read that right. Thirty eight dollars and fifty cents.
