UK´s Darling set to admit forecast error ever made by a British chancellor...

Discussion in 'Economics' started by ASusilovic, Apr 5, 2009.

  1. Alistair Darling on Sunday prepared to acknowledge the biggest forecasting error made by a British chancellor, warning there was unlikely to be a resurgence in the economy this year.

    Mr Darling is expected to use his April 22 Budget to admit the recession is much worse than he forecast, predicting the economy will shrink by at least 3 per cent in 2009 and that the deficit will top 10 per cent of national income.

    Surprisingly...of course...:D
  2. lrm21



    Recession won't end this year. When the hell did this happen.

    Why Big Ben said everything is cool. Go out buy your plasmas, digital cameras, and macs.

    They wouldn't lie must of have been an honest mistake.

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  3. So when will finally GBP / USD reach parity ? :confused: