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Darling tells us what we already know: the economy is in big trouble...

“Economy at 60-year low, says Darling. And it will get worse.” So says The Guardian which also quotes the Chancellor as commenting, “People are pissed off with us.” Quite. The penny at last seems to have dropped, with Alistair Darling stating that the economic times faced by Britain and the rest of the world “are arguably the worst they’ve been in 60 years … And I think it’s going to be more profound and long-lasting than people thought.” Based on our independent assessment of the UK economy, we’d agree. In fact we’ve been predicting this perfect storm for some time. Yet again we come back to the simple question: Why, if a couple of hacks on this site and a handful of others around...

posted on: Aug 29, 2008 | author: Alex