He is expected to unveil soaring public borrowing and details of the worst recession since World War II ended.
Tax rises and spending cuts from 2011 are likely as Mr Darling sets out his plans to restore public finances.
Meanwhile, the International Monetary Fund (IMF) has admitted it made a mistake when it claimed the UK faced a £200bn bill for bailing out the banks.
A Treasury spokesman said the figure had been issued in the IMF’s Global Financial Stability Report in error.
Difficult times to try and balance your budget admittedly, but it has to be pointed out that Labour have been in power throughout the timeline of this boom and bust cycle. Headline of the Daily Mail (which I normally despise) yesterday was touting Labour’s failure of working class children in our education system, something that’s true and quite upsets me.
What are they going to do about this, other than throw more taxpayer money at the banks?
