On the day recession was confirmed and sterling fell sharply, this from George Osborne:
"Once again, under Labour, the pound in your pocket is worth less. Indeed Gordon Brown has set a new record for Labour Governments, but it’s not one he’s likely to boast about. The 25% fall in the value of the pound over the last year is even greater than the devaluations under Jim Callaghan and Harold Wilson. It’s a sign that international investors think Britain is badly prepared, as boom turns to bust."