Storbritannias finansminister Alistair Darling sier landet står overfor den verste økonomiske krisen på 60 år. Han tror krisen blir dypere og mer langvarig enn folk regner med.

Mr Darling says the economic times we are facing «are arguably the worst they have been in 60 years.» «And I think it’s going to be more profound and long-lasting than people thought,» he adds. Further evidence that Britain is on the brink of recession emerged this week.

A report into house prices showed they had dropped 10 per cent in the last month – the biggest drop in prices since 1990.

And on Thursday David Blanchflower, a member of the Bank of England monetary policy committee, warned unemployment would hit two million by Christmas. Mr Darling admits Labour – currently 19 points behind the Tories in the latest Telegraph opinion poll – is in trouble.

He says: «We’ve got our work cut out,» he said. «This coming 12 months will be the most difficult 12 months the Labour party has had in a generation, quite frankly.

Britain in grip of worst economic crisis for 60 years, admits Alistair Darling