Telegraph
"Britain's recession will be deeper than any other major country this year, the International Monetary Fund warned today as the banking crisis continues to send shudders through the rest of the economy. ...The new forecast deals a blow to Prime Minister Gordon Brown who has insisted that the UK is no more exposed to the sweeping global downturn than other economies. Critics have argued that the intensity of the decade-long housing boom, a failure of regulation and the size of losses accumulated by UK banks have left Britain deeper in the mire."
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Taxes to soar by £20BILLION as IMF warns Britain faces deeper recession than any other country
'If the public finances evolve as the Treasury hopes, this tightening would have to remain in place until the early 2030s before debt returns below the ceiling of 40 per cent of national income Gordon Brown set as one of his two fiscal rules in 1997,' said the report." (Daily Mail)
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Now Gordon Brown's own MPs brand him a 'headless chicken' over recession
"Labour ministers and MPs have echoed David Cameron's jibe that Gordon Brown is behaving 'like a headless chicken' over the recession, it emerged today." (Daily Mail)
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