Doom and gloom

Is there more doom and gloom around the corner for the somewhat weak UK economy?

I read today that the North African problems may result in the price of a barrel of oil doubling - it seems that the price will be set by what the speculators decide to do - no doubt they will make their money and a quick killing leaving the ordinary man in the street to suffer.

All price increases filter down to Joe Public in the form of increased prices not just for petrol but food, energy and transport.

In the short term the government will be happy with the increased tax revenues but will that euphoria soon disappear as unemployment rises?

A good word euphoria - my dictionary states it means a feeling of great but often unjustified or exaggerated happiness.

This word could be applied to many things that are happening in the world at the present time ..

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