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Grave forecasts for the UK

Staff Reporter 1 minute read

Britain is facing the worst economic downturn in 60 years, Great Britain’s Chancellor Alistair Darling told The Guardian on Saturday.

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Mr Darling said the downturn would be “more profound and long-lasting” than expected and said he had no idea just how serious the credit crunch would become.

Mr Darling’s comments follow a warning from the Bank of England that 2 million British people could be unemployed by Christmas.

Published: 1-09-08 

Grave forecasts for the UK
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