Darling's reluctant 'I told you so' on financial crisis

At the end of August, the Chancellor said Britain faced its worst economic crisis for 60 years, warning the downturn would be “more profound and long-lasting than people thought”. But speaking at The Labour Party Conference in Manchester this afternoon, Darling says: “I draw little comfort from the fact that many people now understand what I meant.” Darling used his speech to outline the Government’s plans to ensure the current crisis, which last week saw it intervene to help guide the takeover of HBOS by Lloyds TSB, isn’t repeated. He pledged the Government would work to stamp out weak...