Alistair Darling, Chancellor of the Exchequer, speech to The Labour Party Conference 2009

Alistair Darling, Chancellor of the Exchequer, speech to The Labour Party Conference 2009

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Business

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The transcript discusses the importance of government intervention during economic downturns, emphasizing values of opportunity and social justice. It highlights the global rise in debt due to decreased tax revenues during the recession and argues that borrowing was necessary to prevent a depression. The text stresses the need for responsible actions once recovery is achieved to ensure sustainable economic management.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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