Darling remains upbeat, despite worrying signs

Given the parlous fiscal situation over which he now finds himself presiding, British chancellor of the exchequer, Alistair Darling has bravely stood by his assertion that Britain is ‘‘relatively well placed’’ to withstand global economic shocks.

21st June, 2008

Given the parlous fiscal situation over which he now finds himself presiding, British chancellor of the exchequer, Alistair Darling has bravely stood by his assertion that Britain is ‘‘relatively well placed’’ to withstand global economic shocks.

Darling was speaking at his first annual address on the state of the economy at the Mansion House last Wednesday. He made the assertion despite the government’s target for growth of between 1.75 and 2.5...

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