Is the Telegraph correct when it says it has finally got a senior minister to admit that the governemnt has made mistakes over the economy?
Mary Riddle's interview seems to suggest that is the case.
It is the first significant admission of responsibility from a senior government figure for the current economic crisis, partly blamed on ministers allowing the financial markets to run out of control for much of the past decade.
Alistair Darling said that
“There are a lot of lessons to be learnt by regulators, governments, all of us,adding
“The key thing that went wrong was that a culture was allowed to develop over the last 15 years or so where the relationship between what people did and what they got went way out of alignment, especially at the top end.
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