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Picture 7 It's official: more businesses have gone bust in this recession than in any previous downturn.

The Telegraph is reporting that a Conservative analysis of figures from the Insolvency Service show that in the current recession nearly 27,000 businesses have gone bust. This is 3,000 more than in the 1990s recession and almost 17,500 more than that of the 1980s.

Shadow business minister John Penrose makes it clear where the blame should lay:

"Despite Alistair Darling's attempt to cover up the truth, this confirms what many people know already – far from abolishing boom and bust, Gordon Brown has handed this country its worst recession ever.

"Labour's recession has destroyed more businesses than any other recession since records began. It's the deepest and longest recession on record and every other major economy is growing again apart from ours.

"If only Gordon Brown had acted promptly and effectively to get credit flowing again, rather than fiddling with dozens of small, complex schemes, Britain might be pulling out of recession like everyone else."

Jonathan Isaby

8 comments for: Gordon Brown’s recession is the worst ever for business failures

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