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Page last updated at 07:57 GMT, Saturday, 30 August 2008 08:57 UK

Chancellor warns of economic crisis

The Chancellor Alistair Darling has given an outspoken interview to the Guardian newspaper, saying that the economy is facing the worst downturn in 60 years. Peter Kilfoyle, the MP for Liverpool Walton, and Stephen Bell, who runs a fund at GLC, give their reaction to the Chancellor's candid interview.

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