"Does dim dwywaith amdani: mae'r datganiad hwn yn cadarnhau ein bod mewn dirwasgiad dwfn. Bydd incwm gwirioneddol pobl yn gostwng 7% dros y ddwy flynedd nesaf, tra bod chwyddiant ar ei gyfradd uchaf ers 41 mlynedd.
“We should be under no illusions; this statement confirms we are in a deep recession. Real incomes are set to fall by 7% over the next 2 years, while inflation is at its highest rate in 41 years.