Wednesday, 22 April 2009

He got nothing right.

Darling is an embarrassment. Sky have been crunching the numbers. Last March he said he believed that the economy was going to grow by 2.5% in 2009, it actually shrunk by 1.5% already. He has now said he reckons the British economy will contract by 3.5% by the end of the year. The IMF have politely coughed and whispered that this will actually be a 4.1% contraction. Darling reckons that there will be 1.25% growth, the IMF says it will actually be 0.4% shrink. And all this while clocking up 740 billion in debt.

Totally and utterly incompetent and grounds for resignation.

TwitThis

at 18:08

 

3 comments:

James Burdett
said...

The thing is if his growth forecasts are out, so are his tax and apend figures. So therefore his borrowing figures are utter rubbish. he thinks unemployment will peak at 2.4 million when most experts think it will be 3.4 million and some think nearer 4. The guy is a joke.

Sooner or later the gilt markets will run away from the UK scared. Sterling will plummet and the whole rottern New Labour edifice will collapse in on itself. The problem is how many normal people it will take down with it.

22 April 2009 18:31
 
eventsdearboyevents
said...

I wouldn't hold my breath.

22 April 2009 18:39
 
Ricardo's Ghost
said...

I don't think you can blame Darling. Brown's fingerprints are all over this. If reports are to be believed, Darling saw enough sense to side with Mervyn King in opposing a further fiscal stimulus. Apportion the blame to those who are really responsible.

23 April 2009 01:21
 

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