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....
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