Jowell: Recession will be ‘deepest ever’
A local Labour MP has admitted that the economy is wrecked after 11 years of Labour Goverment and facing a recession “deeper than any that we have known”.
Tessa Jowell, the Olympics Minister, made the admission while being interviewed about London’s bid for the 2012 Olympics on the BBC’s Daily Politics. The stunning confession came only weeks after the Chancellor predicted that the economy would return to growth in the second half of 2009.
