John McDonnell MP, LEAP Chair, said:
"The Government has consistently failed to recognise the seriousness of the plight of the UK economy and has consistently failed to recognise the need for radical measures to tackle the crisis.
"Today's figures not only confirm a recession, but point to a depression - especially in light of the Government's failure."
Andrew Fisher, LEAP Co-ordinator, said:
"The UK economy is now in freefall. This is more than another recession, it is the collapse of the neoliberal capitalist model that Brown told us to be evangelical about only a few months ago.
"Simply bailing out the banks again and again shows that the Government has completely failed to appreciate the scale and the nature of the current crisis."