Darling defends economy comments

Alistair Darling has insisted it was his duty to be straight with the public, after delivering a dire assessment of the UK's economic prospects.

The Chancellor said the UK was experiencing a "profound downturn" amid "unique" pressures from the credit crunch and soaring food prices.

Mr Darling was trying to clarify his position after an interview with the Guardian in which he warned that global economic conditions were the worst for 60 years, and no-one knew how bad things would get.

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