Alan Dix Snip!t: BBC News - Hard to explain how bad economic crisis is, says Cable

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Snip summary	Business Secretary Vince Cable says it has been a challe... government to explain to the public how bad a state the ... He told the Guardian the country was poorer because of t ... Britain is no longer one of the "price-setters" in world ... "We have ha BBC News - Hard to explain how bad economic crisis is, says Cable http://www.bbc.co.uk/news/uk-politics-13480971

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Business Secretary Vince Cable says it has been a challenge for the government to explain to the public how bad a state the economy is in.

He told the Guardian the country was poorer because of the banking collapse and recession - and from a "squeeze" from the changing world economy.

Britain is no longer one of the "price-setters" in world markets, he said.

"We have had a very, very profound crisis which is going to take a long time to dig out of," he warned.

HTML	<p class="introduction" id="story_continues_1">Business Secretary Vince Cable says it has been a challenge for the government to explain to the public how bad a state the economy is in.</p> <p><a href="http://www.guardian.co.uk/politics/2011/may/20/vince-cable-economy">He told the Guardian</a> the country was poorer because of the banking collapse and recession - and from a "squeeze" from the changing world economy.</p> <p>Britain is no longer one of the "price-setters" in world markets, he said. </p> <p>"We have had a very, very profound crisis which is going to take a long time to dig out of," he warned.</p>

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Business Secretary Vince Cable says it has been a challenge for the government to explain to the public how bad a state the economy is in. <a href="http://www.guardian.co.uk/politics/2011/may/20/vince-cable-economy">He told the Guardian</a> the country was poorer because of the banking collapse and recession - and from a "squeeze" from the changing world economy. Britain is no longer one of the "price-setters" in world markets, he said. "We have had a very, very profound crisis which is going to take a long time to dig out of," he warned.

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