Leader: Even tooth fairies need tax relief

NEWS that children are feeling the true extent of the credit crunch as 38 per cent now receive no visits from the tooth fairy should surely prompt action where the government has so signally failed: an emergency recovery package. The Prime Minister and Chancellor are already said to be working on special measures.

While efforts to revive the housing market have failed, here is an opportunity for the Brown budget magic to come to the fore. First, he will lay down a battery of statistics showing how UK tooth fairies have been more resilient to the global credit ...