"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

Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read
Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Rachel Reeves was speaking at the Labour Party conference

Linus Uhlig
clock 29 September 2025 • 3 min read