Darling: British Recession Will be Worse Than Elsewhere

Darling: British Recession Will be Worse Than Elsewhere

Iain Dale 6:59 PM

"Of course we are more likely to be more severely affected as a result 

[of the UK's dependence on the City and housing market]".

Alistair Darling, 15 December 2008, House of Commons

So there it is. Alistair Darling has finally admitted what the rest of us have known all along. And Tessa Jowell says it will be the "worst recession we have ever known".

So let's lay bets on whether Gordon Brown will ever be able to keep a straight face again when he tells us we are "better placed than other countries" to withstand the recession. Darling has let the cat out of the bag.

Hattip: Paul Waugh