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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
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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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too early
 

offline versionthree on 2009-09-28 07:28 [#02330928]
Points: 316 Status: Lurker



.

 

offline MetallicaDude from the stazhole on 2009-09-28 07:31 [#02330930]
Points: 3644 Status: Regular



please dont abuse


 


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