2350 Hrs GMT London Wednesday 22 Aproil 2009:
KHOODEELAAR! evidential comment on the Rupert Murdoch SKY role in suppressing the truth about UK politics..[1]
Dragon Paphitis: I'd Fire Alistair Darling
9:29pm UK, Wednesday April 22, 2009
Leading retail entrepreneur Theo Paphitis has said he would sack Alistair Darling if he worked for him.
Dragons' Den Star: You're fired Mr Chancellor
In response to one of the bleakest Budgets in living memory the Dragons' Den star told Sky's Jeff Randall that he would fire the chancellor for getting his financial predictions so badly wrong:
"If Alistair Darling was my Finance Director and made those sort of predictions and got every single one wrong every time. Would he still be in a job?
O'Neill backs Treasury forecasts
"He would not. You've got to get close to your predictions. He's got every single one wrong. So why should we start believing him now?"
But the outspoken chief economist of banking giant Goldman Sachs has backed Mr Darling.
Jim O'Neill said he thinks the Treasury's forecasts are credible.
"We think the growth side of it is fine actually. I'm very much in the 'green shoots' camp and I wouldn't be surprised if the near-term economic outlook isn't as bad as the government's now assuming.
Theo Paphitis: 'I'd Sack Darling'
"We wouldn't have any real quibble with the path of their forecasts over the next couple of years."
The comments came after a stark Budget statement in which the Chancellor confirmed that the UK was in the grip of the deepest recession since the Second World War.
He was forced to admit that the economy is set to shrink by 3.5% in 2009 - more than double his previous forecast.
At the same time the International Monetary Fund's forecast for the current year was even more pessimistic estimating a 4.1% contraction.
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