Asked what the government could do to resolve the economic situation, Sir Charlie Bean said: 'The ideal would be to get a Tardis and go back and undo the errors.'
Asked whether that was where the country is now, Sir Charlie added:"I would say that we've got a few steps down the road. It is serious. And I don't think the government can really afford just to say, 'Oh, this is just a little bit of froth in markets; they'll come to their senses as soon as we lay out our full programme.
"Frankly, the only way you can really deal with this is with a very fundamental rethinking of the boundaries of the state.
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