As a thoroughly modern, cool, exciting (and very modest) company, Inspiring Interns spends a lot of its time browsing the Twittersphere, keeping a beady eye out for industry developments, potential clients, friends anything useful or interesting.

After weeks of economic cut doom and gloom (you can see our report on how the Chancellor’s cuts will affect graduates here) the most current graduate forecast isn’t (surprise, surprise) looking any brighter.

The knock-on effect of recession means graduates aren't just competing for entry-level jobs against experienced workers: they’re now competing against them for internships too.