Insights from the UK and beyond
Sorry seems to be the hardest word
Alistair Darling may think it’s time for a bit of collective
responsibility, but anyone who thinks Gordon Brown is about to
apologise for Britain’s current economic travails should think
The prime minister, who loved to boast about abolishing boom
and bust when he ran the Treasury for a decade, is now
contending with the economy shrinking at its fastest pace in
nearly three decades and the prospect of millions out of work.
The mighty banks that were given free rein to make London
the world’s number one financial centre are now on their knees
and reliant on taxpayer support.
Darling, the man who replaced Brown at the Treasury, now
says it is a time for humility — ministers had a collective
Brown doesn’t seem to think so.
It’s a global problem, everyone’s in the same boat, he says.
Asked point blank in the White House Oval Room whether
Darling’s comments amounted to a government apology, Brown just
said: “There has got to be big regulatory change…We’ve learned
from what has happened in these 10 years.”
That’s probably it for an apology for now.