BARNSLEY NATIONALISTS: Economy at 60-year low

And it will get worse

Britain is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long-lasting" than people had expected, Alistair Darling, the chancellor, tells the Guardian today.

In the government's gravest assessment of the economy, which follows a warning from a Bank of England policymaker that 2 million people could be out of work by Christmas, Darling admits that he had NO IDEA how serious the credit crunch would become.

FROM HERE
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Economy at 60-year low

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