View more on these topics

Indiana Darling and Temple of Boom

Chancellor Alistair Darling was told by MPs last week that he must he become more “Indiana Jones” in leading the country out of the financial crisis.

Giving evidence before the Treasury select committee, Darling was challenged over the Government’s handling of the economic turmoil. Labour MP for Newcastle Central Jim Cousins said to Darling: “If you are going to lead us into this Temple of Doom, the British people will look to you to behave like Indiana Jones.”

Darling refused to apologise for the claims made by himself and Prime Minister Gordon Brown to have extinguished the cycles of boom and bust.

Conservative MP for Chichester Andrew Tyrie said: “You are effectively still in denial. We have a Prime Minister who said over 100 times in the Commons that he had abolished boom and bust and, in saying you had abolished boom and bust, didn’t it make it more difficult to spot the next one when it came?”

Recommended

Will QE become QED?

There is considerable uncertainty about what quantitative easing means, how it will be implemented and what will be the effect.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com