Here in Brighton we have been feeling the credit crunch mildly and feeling as if we are a wee bubble on the south coast where we are safe from the declining UK economy.

Sadly though news has leaked out that the grand - Gehry and Karis led - proposed development of the old King Alfred site on Hove seafront is in doubt due to the financial situaton.

The local paper the Argus wrote this last week :“Credit Crunch casts cloud over another major scheme”

How sad it is an indictment of the current climate when we start to lose the essence of creativeness, we lose Art and we lose pride and next we will lose the will to live……