PM and Osborne prefer their 'own words' to describe miserable economy

George Osborne might have used Justin Welby’s comments on the problems with the banks this morning as a sign that he has at least one ally out there, but this afternoon, the Prime Minister’s official spokesman distanced the government from the Archbishop’s use of the word ‘depression’ to characterise this country’s current economic circumstances. He said:

‘The Prime Minister agrees with the point the Chancellor of the Exchequer was making when he was asked that question this morning. What the Chancellor said was that he agreed with the Archbishop’s analysis that we have a slow and difficult recovery because of the problems in the banking system and those are the problems that need addressing.

‘As the Chancellor said, he doesn’t use that word and nor does the Prime Minister… Because the Chancellor and the Prime Minister use their own words when they are talking about the economy.’