"Boy George and Karma Chameleon" will fail economy - Darling

Laura Miller
clock

The UK economy remains balanced between recession and recovery, Alistair Darling warned today, saying there are no guarantees the current upturn will continue.

He poured scorn on the abilities of his Tory and Lib Dem opposites to maintain the fragile recovery calling them "Boy George" and the "Karma Chameleon", in a reference to the Eighties pop band. Tory plans to scale back Government stimulus could suffocate the economy, he said in a speech in Edinburgh today. "Our economy remains balanced between recession and recovery. Continued recovery is not a given. It depends on making the right decisions now and in the future," he said. He was also guarded about the global economic recovery, saying it was still not assured and needed nurturing....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read