Darling Admits To Overoptimism

Alistair Darling has admitted that his predictions last year, that there would be a recovery in the second half of this year, were in fact wrong.

In the Financial Times Darling says that the Pre-Budget Report in November may have been overoptimistic, when a recovery was forecast for the second half of this year.

No kidding!

Posted in: Alistair Darling,chancellor of the exchequer,recession