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	<title>Where Does It Go? - UK Money Blog £ &#187; darling</title>
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		<title>De Ja Vu? MP Darling defends stating the UK Economy is going into recession</title>
		<link>http://www.where-does-it-go.com/taxes/de-ja-vu-mp-darling-defends-stating-the-uk-economy-is-going-into-recession/51</link>
		<comments>http://www.where-does-it-go.com/taxes/de-ja-vu-mp-darling-defends-stating-the-uk-economy-is-going-into-recession/51#comments</comments>
		<pubDate>Sat, 30 Aug 2008 18:15:10 +0000</pubDate>
		<dc:creator>Robert Brown</dc:creator>
				<category><![CDATA[Taxes and Benefits]]></category>
		<category><![CDATA[UK Money News]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[darling]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[uk economy]]></category>
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		<description><![CDATA[<p><a href="http://www.where-does-it-go.com">UK Money</a></p>
<p><a href="http://www.where-does-it-go.com/taxes/de-ja-vu-mp-darling-defends-stating-the-uk-economy-is-going-into-recession/51">De Ja Vu? MP Darling defends stating the UK Economy is going into recession</a></p>
UK Money De Ja Vu? MP Darling defends stating the UK Economy is going into recession Aug 30th &#8211; 2008 Darling recently had a piece in the Guardian where he told us: &#8220;the economic downturn would be &#8220;profound and long-lasting&#8221;, &#8220;&#8230;has insisted it is his duty to be straight with the public, after telling a [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.where-does-it-go.com">UK Money</a></p>
<p><a href="http://www.where-does-it-go.com/taxes/de-ja-vu-mp-darling-defends-stating-the-uk-economy-is-going-into-recession/51">De Ja Vu? MP Darling defends stating the UK Economy is going into recession</a></p>
<p><em><strong>Aug 30th &#8211; 2008</strong></em> Darling recently had a <a href="http://www.guardian.co.uk/politics/2008/aug/30/alistairdarling.economy" rel="nofollow">piece in the Guardian</a> where he told us: </p>
<div id="attachment_55" class="wp-caption alignright" style="width: 230px"><img src="http://www.where-does-it-go.com/wp-content/uploads/2008/08/darling2.jpg" alt="UK Chancellor Alistar Darling" title="UK Chancellor" width="220" height="300" class="size-medium wp-image-55" /><p class="wp-caption-text">UK Chancellor Alistar Darling</p></div>
<blockquote><p>&#8220;the economic downturn would be &#8220;profound and long-lasting&#8221;, <br /><b>&#8220;&#8230;has insisted it is his duty to be straight with the<br />
public, after telling a newspaper the UK faces its worst economic<br />
crisis in 60 years.&#8221;</b><br />&#8220;&#8230;that voters were &#8220;pissed off&#8221; with Labour&#8217;s handling of the<br />
economy, a key issue at the next election, and said it was &#8220;absolutely<br />
imperative&#8221; that ministers communicated their intentions better.&#8221;</p></blockquote>
<p>Basically, we&#8217;re fucked and going to have a recession. </p>
<p>And now the PR exercise starts trying to educate the masses that it is not Labours fault.  <br/><a href="http://news.bbc.co.uk/1/hi/business/7589739.stm" rel="nofollow">Watch the BBC interview</a> where Darling repeats, 4 times, parrot fashion, the mantra&#8217;s the PR men have told him to say.  To every question asked him his answer is:
<ul>
<li>I&#8217;m being honest</li>
<li>Every other country in the World</li>
<li>Unique Circumstances</li>
<li>Credit Crunch</li>
<li>Rising Oil and Food Prices</li>
<li>We helped Northern Rock</li>
<li>Tax Rebate next month</li>
<li>Helping People getting back into work</li>
<li>Fundamental of Economy Sound</li>
</ul>
<p>&#8220;Who&#8217;s going to win Eurovision this year?&#8221; &#8220;Honestly, every other country in the world has rising oil and food prices, I remember when we helped northern rock I was going to give a tax rebate next month&#8230;<em>blah blah blah</em>&#8230;I think they should bring back Cliff Richard.&#8221;</p>
<p>I do notice that not having a TV makes you more aware of the repetitious Squealer type announcements.  Lets break it down a bit:
<ul>
<li><em>I&#8217;m being honest</em> &#8211; Why do I get jittery when a politician starts with that?</li>
<li><em>every other country in the world </em>- <a href="http://www.chinalawandpractice.com/Article/1898854/Channel/9951/No-Credit-Crunch-in-Asia.html">Asia seems to be unaffected thus far</a> </li>
<li><em>Credit Crunch</em> &#8211; buzzword for people at the moment &#8211; basically free credit to everyone will eventually bite you on the arse</li>
<li><em>Rising Fuel and Oil Prices </em>- didn&#8217;t Mr Murdoch say it was morally correct to  invade Iraq for a <a href="http://www.guardian.co.uk/media/2003/feb/11/iraqandthemedia.news" rel="nofollow">&#8220;$20 a barrel oil&#8221;?</a></li>
<li><em>We Helped Northern Rock</em> &#8211; Nationalising a bank under intense pressure after failing to find it a buyer, placing £1.3 billion more in national debt.</li>
<li><em>Tax Rebate next month</em> &#8211; What tax rebate?  The one where companies can <a href="http://www.gaapweb.com/news/1059-Tax-rebate-deadline-is-looming-.html" rel="nofollow">claim back VAT they shouldn&#8217;t of paid in the first place because they overpaid?</a><br /> Or the rebate to make up for the blunder of not noticing abolition of the 10p tax rate would put the lower paid workers out of pocket?</li>
</ul>
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