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versionthree
on 2009-09-28 07:28 [#02330928]
Points: 316 Status: Lurker
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. Too early to say if UK has come out of recession, says Alistair DarlingChancellor vows to Labour conference never again to allow bankers' greed and recklessness to endanger millions of lives
Comments (…) Buzz up! Digg it Deborah Summers, politics editor guardian.co.uk, Monday 28 September 2009 12.41 BST Article history
Link to this video Alistair Darling warned today that it was "too early" to say if the UK was coming out of recession.
But he vowed never again to allow bankers' "greed or recklessness" to endanger the lives millions of people.
In a keynote speech to the Labour conference in Brighton, the chancellor said many independent forecasters now believed the British economy was recovering. But unemployment would continue to rise once the recession stopped.
"I think it is too early to say so with total confidence," he said.
"But I stick with my budget prediction that, as long as we continue to support the economy, recovery will be under way in the UK by the turn of the year."
However he warned: "Even when we begin to see growth in the economy again, unemployment is likely to keep rising for some time."
Darling said that if Britain continued to make the right choices and invest for the future, the country was ideally placed to make the most of the opportunities the global recovery would bring.
"Countries across the world have followed the same course and coordinated action through the G20 in a way which has never been seen before," Darling said.
"I can tell you, having been at every one of these meetings, that ministers around the world recognise this would not have happened without Gordon Brown's leadership."
Darling said: "Had we made different choices – Tory choices – the UK and global economy would be in a very different place. So too would our prospects for the future. For as well as being a test of leadership for the government, this crisis was a test of judgment for the Conservatives. It was a test they failed at every turn."
The chance
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MetallicaDude
from the stazhole on 2009-09-28 07:31 [#02330930]
Points: 3644 Status: Regular
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please dont abuse
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