Monday, February 9, 2009
Labour MP’s now attempting to state the obvious
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 ?