Tuesday, Jan 26, 2010
Director General of CBI States recession will not be over for at least another 2 to 3 years
Telegraph.co.uk: British economy will take years to recover despite end of recession claims, says CBI
Richard Lambert, director-general of the business group, said the country is now 10pc poorer than it would have been if the recession had never happened. He warned in a speech last night, "the life chances of a generation of young people will be seriously impaired", standards of living will be compromised, and unemployment will not fall back to pre-crisis levels.
"Gordon Brown's promise that Britain would lead the world out of recession lies in tatters. We were one of the first in and now, today, we are the last out. [His] decisions as Chancellor left Britain ill-prepared and his judgements as Prime Minister made the recession even worse."
Posted by outofwork @ 09:57 AM (842 views) Add Comment
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