Britain will suffer more than other countries in global recession, says IMF

Daily Mail:
"Britain is spiralling into the deepest recession of any leading nation, the International Monetary Fund said last night. "
"But Britain's collapse will be particularly painful, dwarfing those in the U.S., Germany, France, Spain, Russia, Brazil and six other major economies."
"The IMF added that the banking mayhem could be getting worse, not better.
And in an alarming passage, it said that the credit crunch is showing signs of becoming 'impervious' to the vast sums of taxpayer money being spent to support the banking system."