Wednesday, April 9, 2008

Well he would, wouldn’t he?

Darling 'optimism' on UK economy

''...The Chancellor, Alistair Darling has defended his forecast after UK economic growth was downgraded by the International Monetary Fund (IMF). ...'' Dress it up anyway you like, we are heading for a full-blown recession.

Posted by hpwatcher @ 08:56 AM (522 views)
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5 thoughts on “Well he would, wouldn’t he?

  • it_is_going_with_a_bang says:

    Desperate Darling
    It takes more than a few months for a slowdown to really take effect.
    No doubt he will change his forecast later and blame the change on circumstances beyond his control and therefore not his fault.
    As I write this I ‘m thinking that sounds quite familiar already.

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  • waiting for the crash says:

    Ya – talk it up Darling! Gloss it over spin it and spin it again. Wont do you any good Darling.

    Another state media article from the state press.

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  • Landedgentry says:

    To be fair, industrial and manufacturing production is up month on month, so no need to cut rates then.

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  • And I am optimistic that we will see a complete deflation of the property bubble, and that for the next century or two, economic textbooks will have chapters titled “Boom and bust – the legacy of Gordon Brown”

    Now, who’s the better forecaster?

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  • Forget optimism how about a bit of realism – UK economic crash to run concurrent with HPC

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