Alistar Darling admits mistakes

Story link: Alistar Darling admits mistakes

The UK economy was destined to fall into a recession, which ever decisions the Government made. The problem of course, is once the recession has its grip on the economy, it is down to the Government to get the Economy back out of that recession as quickly as possible, something that has not happened so far.

Alistar Darling admits mistakes

In an interview with The Daily Telegraph he concedes that there are a “lot of lessons” for the Government to learn from the events that led to the downturn and concludes that the regulation of banks has been a failure.
It is the first significant admission of responsibility from a senior government figure for the current economic crisis, partly blamed on ministers allowing the financial markets to run out of control for much of the past decade.