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Treasury official says current conditions show Darling’s Guardian comments were right

A Treasury official has backed the Chancellor’s controversial comments on the economy from earlier this summer.

Speaking at the Tisa conference today Mike Williiams, director budget tax, and welfare at the Treasury, said: “I’m sure you remember the outcry at the end of August when the Chancellor said that economic conditions were ‘arguably the worst they have been in the last 60 years’. There was outcry following those remarks at the time.

“Today there are few that would disagree with what he said. In fact the IMF said the world economy is now entering a major downturn in the face of the most dangerous shock in the financil market since the 1930s.”

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