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Reg - so many other countries making the same mistakes we did is an excuse then? I do not accept that. If Brown had not gone on an insane spending spree and did not build up a structural deficit by 2005 we would not be in the situation we are in now. I could refer to his ill-judged brief to the Bank of England over inflation that was a direct cause of the housing and debt bubble etc etc etc.... But then he thought he had banned boom and bust did he not. mad totally mad.
Besides, the 'world' is not in the mess we are in simply because all countries did not make the mistakes we did. Some were more sensibly run and did not build up a massive deficit like us.
Dave1
We could indeed go back even further than that, to the last Labour screw up that had to be sorted by that great lady who saved this country from being the 'sick man of Europe'. A country before 1979 besieged by power crazed Trade Unions, cursed by unsupportable industrial subsidies to produce second rate goods no-one in their sense would buy, stricken by strikes. With useless nationalised industries where you even had to wait 3 months to get a hpone from the Post Office monopoly. But that was indeed a different age. Now, having suffered 13 years, the longest ever period of Labour government that created the deepest and longest recession in 80 years, we do indeed need to remember the lessons of the 1979-1987 period of government. We need someone like that great lady back to save this country again.
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