G20 Action Is No Quick Fix for Slump, Admits Darling ; Chancellor Warns That Voters Will Take Time to Feel Benefit [Edition 2]

Evening Standard - London › April 04, 2009

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Summary

ALISTAIR DARLING admitted today that there would be no "overnight fix" to the recession as questions remained over banks' toxic assets and the size of the global economic stimulus.

In marked contrast to the Prime Minister's grand rhetoric yesterday about a "new world order", the Chancellor said it would take time for the measures to be felt by ordinary voters.

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G20 Action Is No Quick Fix for Slump, Admits Darling ; Chancellor Warns That Voters Will Take Time to Feel Benefit [Edition 2]

As Gordon Brown, Barack Obama and others headed from London to Strasbourg to mark the 60th anniversary of the Nato alliance, critics suggested that the $1 trillion stimulus claimed by the Prime Minister was made up of only $350 billion of...

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