Old Mother Hubbard is facing bankruptcy procedures in the High Court, following news that she no longer has anything left in her cupboards. Her creditors have taken the decision as they do not expect her financial situation to improve soon.
Old Mother Hubbard was very upset when we tracked her down. She said "I went to the cupboard to get my poor doggie a bone. Sadly, when I got there the cupboard was bare so the poor little doggie had none. Then the bailiffs came round looking for my assets. They took the bloody dog away. And the cupboard. I'm totally screwed."
Old Mother Hubbard's tale is a familiar one these days. A hard working and decent woman fallen on hard times and forced to give up her one true companion in life-her little doggie.
We approached Alistair Darling, who said "Unfortunately, Old Mother Hubbard should have been putting a bit aside. The fact that her cupboard is bare shows that she was not thinking ahead."
George Osbourne, the Shadow Chancellor, said "How many more Old Mother Hubbards will we see before this do nothing Chancellor finally gets the message?"
Meanwhile, Battersea Dogs' Home was welcoming its newest guest and were hopeful a home could be found for the poor little doggie. A spokeswoman said "We have already had an inquiry from the Owl and Pussycat Public House."