The collapse of the UK's biggest family-owned machine tool builder should become a classic case history of this recession, a tale of energy, error, cupidity - and waste.
Here's a story of our time. A Christmas Carol, almost, updated 149 years. By a lesser hand than the original, certainly, and shorn of all the uplifting optimism that characterised so much Victorian writing. It's not actually a Christmas story either. Yet it has its version of Scrooge, and it could well assist in the process of sobering up after the excesses of the plum pudding and the Queen's speech. It might encourage earnest reflection about where one is likely to be in Christmases to come.