Last updated 17:32, Wednesday, 21 May 2008

ON a similar theme, I’ve got a tip if you want to save some cash.

OLIVER TWIST: We won’t end up looking quite so ragged

DON’T know if you’re aware. But the good times have gone. Apparently the feelgood factor is plummeting faster than house prices while food and bills go through the roof.

Britain is in an economic downturn. And it’s starting to hit us where it hurts.

But are things really that bad?

True, it’s annoying to see bills and taxes outstripping wages at a canter. And, yes, we’re reminded at every till that shopping bills are on the up.

But let’s put the whole thing in some kind of perspective.

If the “crisis” carries on too long the result for most of us might be occasionally having to say “no” to our children or, if the worst happens, reining in our own buying instinct every now and then.

It could mean life without quite as many hand-held games machines or designer trainers.

But that’s not exactly scrabbling about in the street for bits of coal, is it?

In fact, it might be good to get a quick taste of reality.

Without any Nintendos and Sonys to stare at our square-eyed youngsters will be forced to enjoy simpler forms of entertainment.

Maybe they could kick a £2 football for an hour or two when the weather’s fine, or draw a picture inside if it’s not.

We could join them on the economy drive by walking or riding a bike instead of driving everywhere.

And if things get really bad we could even wear our clothes until they begin to appear “worn” before replacing them.

Who knows, maybe old garments will even mend?

Let’s be honest. If we all took a year off buying new clothes, how many of us would be in rags?

Ring your mobile phone contract provider and tell them you’re cancelling.

It’s surprising how new rates are suddenly on the table. And the same trick works with Sky TV.