Monday, Feb 09, 2009
Labour MP's now attempting to state the obvious
BBC News: Crisis 'more serious than 1930s'
The financial crisis will be "more extreme and more serious than that of the 1930s", cabinet minister Ed Balls has predicted.
Mr Balls, a former economic adviser to Gordon Brown, said the global recession would be the most serious for "over 100 years", the Yorkshire Post reported.
And only a few months ago, Gordon Brown refused to acknowledge a recession was looming, and stated that the UK was well-placed to weather any economic downturn. . . . . what next ?
Posted by debtfree @ 10:02 PM (190 views) Add Comment
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