Esto es lo que ha dicho el ex-jefe de la Asesoria Economica del Tesoro Britanico, actualmente Ministro de Educacion. Se llama Ed Balls, y parece que se ha decidido a hacer honor a su apellido y decir lo que piensa. Es un hombre muy cercano a Brown, quiza Brown esta usando a Mr Balls para decir lo que el no puede. Al final del articulo el periodico da una nota de las depresiones anteriores, interesante la "larga depresion" de 1873 a 1896.

A este paso, los peores escenarios de SNB nos van a parecer optimistas

'This is the worst recession for over 100 years' - UK Politics, UK - The Independent

'This is the worst recession for over 100 years'

Ed Balls, the PM's closest ally, warns that downturn is ferocious and says impact will last 15 years

Britain is facing its worst financial crisis for more than a century, surpassing even the Great Depression of the 1930s, one of Gordon Brown's most senior ministers and confidants has admitted.

In an extraordinary admission about the severity of the economic downturn, Ed Balls even predicted that its effects would still be felt 15 years from now. The Schools Secretary's comments carry added weight because he is a former chief economic adviser to the Treasury and regarded as one of the Prime Ministers's closest allies.

Mr Balls said yesterday: "The reality is that this is becoming the most serious global recession for, I'm sure, over 100 years, as it will turn out."

He warned that events worldwide were moving at a "speed, pace and ferocity which none of us have seen before" and banks were losing cash on a "scale that nobody believed possible".

The minister stunned his audience at a Labour conference in Yorkshire by forecasting that times could be tougher than in the depression of the 1930s, when male unemployment in some cities reached 70 per cent. He also appeared to hint that the recession could play into the hands of the far right.

"The economy is going to define our politics in this region and in Britain in the next year, the next five years, the next 10 and even the next 15 years," Mr Balls said. "These are seismic events that are going to change the political landscape. I think this is a financial crisis more extreme and more serious than that of the 1930s, and we all remember how the politics of that era were shaped by the economy."

Philip Hammond, the shadow Chief Secretary to the Treasury, said Mr Balls's predictions were "a staggering and very worrying admission from a cabinet minister and Gordon Brown's closest ally in the Treasury over the past 10 years". He added: "We are being told that not only are we facing the worst recession in 100 years, but that it will last for over a decade – far longer than Treasury forecasts predict."

The minister's comments came as the Chancellor, Alistair Darling, admitted the global economy was "seeing the most difficult economic conditions for generations". Writing in today's Independent, Mr Darling said his plans for shoring up Britain's finances included "measures to insure against extreme losses" as well as separating out impaired assets into a "parallel financial vehicle". Unemployment figures out tomorrow are expected to show the number of people out of work has passed two million. The Bank of England's quarterly inflation report, also released tomorrow, is expected to include a gloomy forecast for economic growth.

Yesterday, the Financial Services Authority warned that the recession "may be deeper and more prolonged than expected", adding that the global financial system had "suffered its greatest crisis in more than 70 years".

Speaking to Labour activists in Sheffield, Mr Balls conceded that the Government must share some of the blame because it had failed properly to control the banks. But he accused the Tories of blocking Labour's attempts to tighten financial rules.

He said: "People are quite right to say that financial regulation wasn't tough enough in Britain and around the world, that regulators misunderstood and did not see the nature of the risks of the dangers being run in our financial institutions – absolutely right."

The other great depressions

*Long Depression, 1873–96

Precipitated by the "panic of 1873" crisis on Wall Street and a severe outbreak of equine flu (Karl Benz's first automobile did not chug on to the scene until 1886), it was remarkable for its longevity as well as its global reach. In Britain, it was the rural south rather than the rich cities of the north that suffered. The UK ceased to be a nation that relied in any way on farming for its livelihood.

*Great Depression, 1930s

The "Hungry Thirties" were rough on many, at a time when welfare systems were rudimentary. The worst period was from the Wall Street Crash of 1929 to about 1932, but in places such as Jarrow, the unemployment rate hardly dipped below 50 per cent until the economy was mobilised in 1940. However, for many in the south and for the middle classes, the times were relatively prosperous.

15 los EEUU, ¿nosotros tendremos suerte si les seguimos los pasos?

__________________

¿15 años?

¿Desde el 2010 hasta el 2025 por casualidad?

Este PPCC es la polla, la verdad..

__________________

Es lo que pense yo tambien. Ahora solo falta que este ministro empieze a rajar manhana contra Pais de Gales y Escocia...

Creo que este señor se olvido’ que en los últimos 100 años UK ha soportado dos guerras mundiales, perdido el 90% de su imperio tras la de-colonización para citar ejemplos más a la vista, podríamos seguir con la guerra de las Falkland, la era de Margaret Tacher la de-industrialización del país…etc…

Estamos comparando una crisis económica con dos guerras mundiales?
Un poco de seriedad señores…

__________________

Tu tranquilo, que esto sólo ha hecho que empezar.

Cierto, hoy he estado hablando con un amigo que es director de sucursal de un banco de esos "sólidos".

Me lo ha puesto muy negro, esta tarde cuando llegue a casa piensa degollar a su mujer y a sus hijos para que no tengan que pasar esta MEGACRISIS.
Y mañana igual, los va a estar degollando diariamente para que mueran al menos 3 o 4 veces, pero no sufriran tanto como los que nos quedemos aqui.

Y eso los que no tengan deudas!!! Que los que tengan hipoteca lo van a pasar mucho peor

El punto de referencia es la crisis post-1340. Despues de la llegada de la peste a Europa...

__________________

Solo falta que llegue la próxima glaciación y nos congelemos todos. Perdón si viene en el 2012.

__________________

false,según nuestro intrépido y dicharachero presidente del bobierno,saldremos en dos meses

__________________