In an interview with the Guardian newspaper, Chancellor Alistair Darling admitted that the UK is passing through the worst economic crisis in sixty years and this economic downturn would be more profound and long-lasting than expected.
Darling also admitted that voters were not happy with Labour Party’s handling of the economic issues.
George Osborne (Shadow chancellor) said: “after Darling’s confession, the cat is no more in the bag about the state of the economy.”
Darling acknowledged that the government had clearly failed to get across its message that it realized people’s concerns about increasing job insecurity and rising cost of living.
