Will Hutton on the credit crisis

Will Hutton was on Channel 4's Dispatches programme last night doing a piece on the credit crisis and how long it might last. Some good interview snatches with Darling and Vadera along with bankers and traders. His basic message was response from the government not bad, too late, without sufficient control taken, i.e. they didn't follow through.

How long did he think it'll last? 3 years to get output back to 2008 levels, 7 years for house prices to recover.

Let's see if he's right.

F