Sunday, October 26, 2008

Gradually letting reality be known

U.K.'s Darling to Say Crisis to Be Deeper, Longer Than Expected

U.K. Chancellor of the Exchequer Alistair Darling will say this week that the economic crisis will be deeper and longer-lasting that the government first predicted, the Sunday Times reported. The government hasn't lost control of the public finances, although the crisis has hurt its revenues, Darling will say in a speech at the annual Mais lecture in London on Oct. 29, the newspaper reported, without saying how it got the information.

Posted by dohousescrashinthewoods @ 07:45 PM (687 views)
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2 thoughts on “Gradually letting reality be known

  • Yeah, and Gordon countered with the pearl of wisdom that oil and food will be really cheap next year.

    Somehow I think that making such predictions are foolish.

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  • planning4acrash says:

    No, Gordon keeps going on about a new world order. He knows that nobody would stomach it during prosperity. Wait for cries for the Euro once we reach Euro Parity. That’s another 30% drop in the pound folks, at least, we may even get a poor deal and go in under parity, with the Euro being held up as “The Stronger Currency!!!”””

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