Economy at 60-year low, says Darling. And it will get worse

Exclusive interview

Economy at 60-year low, says Darling. And it will get worse

Chancellor says Labour failing to communicate with voters

Chancellor Alistair Darling at a press conference during the G7 meeting in Tokyo, Japan

Photograph: Junko Kimura/Getty images

Britain is facing “arguably the worst” economic downturn in 60 years which will be “more profound and long-lasting” than people had expected, Alistair Darling, the chancellor, tells the Guardian today.

In the government’s gravest assessment of the economy, which follows a warning from a Bank of England policymaker that 2 million people could be out of work by Christmas, Darling admits he had no idea how serious the credit crunch would become.

His blunt remarks lay bare the unease in the highest ranks of the cabinet that the downturn is making it all but impossible for Gordon Brown to recover momentum after a series of setbacks.

His language is much starker than the tone adopted by the prime minister, who aims to revive his premiership this autumn by explaining how he will help struggling families through the downturn.

Read more

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s