From Merthyr to Tunbridge Wells

The Governor of the Bank of England - usually a man of solid, unflappable, steady values - warned today of a dramatic change for the worse in our economic climate.

And this recession will be no respector of traditional patterns of misfortune, as the stockbroker belt of the south will be just as hard hit as towns in the industrial north.

Unemployment figures out today showed that it's at an 11 year high - the count now stands at just over 1.8m.

Whereas the recessions of the 1980s and 1990s hit northern and western areas of Britain hardest, the current crisis is threatening widespread job losses in the south east as well.

Even somewhere like Tunbridge Wells, a commuter town 40 miles outside London and a by-word for Home Counties conservatism, is not immune.

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