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Downturn deeper than expected, says UK's Darling
Published in Saudi Press Agency on 30 - 08 - 2008


Britain's economic downturn is
likely to be deeper and last longer than expected and could be
the worst for 60 years, REUTERS quoted finance minister Alistair Darling as saying
on Saturday.
In a candid interview with the Guardian newspaper, the
Chancellor of the Exchequer said the Labour government had
failed to get its message across and would battle to persuade a
sceptical electorate it deserved another term in power.
His comments suggest concern in the highest ranks of the
government that the downturn will make it difficult for Prime
Minister Gordon Brown to recover popularity and fend off a
resurgent opposition Conservative Party.
The government and Brown himself have seen their opinion
poll ratings plummet in the last six months and the government
is now languishing 21 points behind the Conservatives. A
national election must be held by mid-2010 at the latest.
The Guardian quoted Darling as saying economic times for the
country were "arguably the worst they've been in 60 years".
"I think it's going to be more profound and long-lasting
than people thought, he said."
"We've got our work cut out. This coming 12 months will be
the most difficult 12 months the Labour Party has had in a
generation, quite frankly.
"We've got to rediscover the zeal which won three elections,
and that is a huge problem for us at the moment. People are
pissed off with us," Darling said."


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