<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/281d4bb7-980b-44cf-a298-97911ca2dec8/73FD73BC-532A-4665-8FB6-BF17A73C8101/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp" href="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp" style="font-size: 11px;">www.scotsman.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp"><H1>Warning that UK is on brink of depression</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.scotsman.com/img/D4C0E132-1F50-4B85-8953-EB4984EEE6C4" alt="Gordon Brown, flanked by the Spanish prime minister, Jose Zapatero, left, and Silvio Berlusconi, prime minister of Italy, broke off talks at the Gaza summit in Sharm el Sheikh. Picture: PA" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp"><DIV class="ds-firstpara" id="ds-firstpara">BRITAIN is facing an economic depression, one of Scotland's most prominent businessmen has warned, as the government prepares to announce its last-ditch attempt to shore up confidence in the banking industry.<BR /></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp"><DIV>Sir George Mathewson, a former chairman of the Royal Bank of Scotland and chairman of the Scottish Government's economic advisory council, said that economic conditions would worsen. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp"><DIV>He also attacked Gordon Brown and Labour for their key policy moves during the crisis: the VAT cut, recapitalisation of the banks and the £20 billion guarantees of loans to small business.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp"><DIV>In his bleak assessment, Sir George said: "Right now it's depression we should be really worried about because that causes real, personal suffering for a lot of people."</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp"><DIV>Asked if this was a real risk, he said: "Oh yeah, of course it is."</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scotsman.com/latestnews/Warning-that-UK-is-on.4888458.jp"><DIV>He also warned that injecting more capital into banks would not revive the economy. </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/73FD73BC-532A-4665-8FB6-BF17A73C8101/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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