From Times Online
February 4, 2009
by Philippe Naughton
Gordon Brown appeared to acknowledge for the first time today that the world economy was heading for a 1930s-style “depression”.
Mr Brown stumbled slightly over his words at Commons question time, just a week after admitting that Britain was facing a “deep” recession.
As the financial gloom deepens, he told the Tory leader David Cameron today: “We should agree, as a world, on a monetary and fiscal stimulus that will take the world out of depression.”
The comment went unnoticed during rowdy question time exchanges between Mr Cameron and Mr Brown, which centred on protectionism and the Prime Minister’s use of the phrase “British jobs for British workers”. Ironically, the exchange ended with Mr Brown accusing the Tory leader of deliberately "talking Britain down".
A No 10 spokesman said that Mr Brown's use of the word "depression" was not deliberate. "And he does not think it."
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