Summary
YESTERDAY came the official confirmation: Britain is in recession for the first time since 1991. This was a surprise to no one, not least those who have suffered the devastation of losing their home or job in recent months.
But the scale of the contraction in the economy - it shrunk by 1.5 per cent in the last three months of 2008, the biggest quarter- on-quarter decline since 1980 - was still a shock, particularly, it seems, to Chancellor Alistair Darling, who was forced to admit the recession may be 'sharper' than he had optimistically predicted.See the full content of this document
Extract
A Crisis That Cannot Afford Muddled Policy ; Comment
Meanwhile, Gordon Brown (while stubbornly refusing to admit that he had, as we all know to be the...
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