No they didn't. Until our wonderful banking institutions decided to play fast and loose we had a very good balance of payments. Facts hey, tricky things.

No they didn't, government debt & deficit is nothing like a credit card bill.

How much of this "bill" should they pay off? All of it?

Really? Labour caused Lehmann Brothers to collapse? Interesting, if strange point of view.

What a load of rubbish.

The [ufact[/u of the matter is over its term in office Labour spending was [inever[/i any more excessive than previous Tory administrations. In fact they ran a surplus from 1998 to 2001.

Before the financial crisis of 2008 Labour ran a deficit for 6 years which totaled £201029bn. The Tories ran a deficit for the last 6 years of their last government up to 1997 totaling £222788bn. They had a bigger "credit card bill" than Labour.

Here are the facts for you to digest and learn from:

[urlhttp://www.guardian.co.uk/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data#zoomed-picture[/url

You may not agree with what they spent than money on which was mostly things like rebuilding schools and getting patients off trolleys in corridors as they were left under Majors previous government but that is a different debate. What is clear is that they spent less on average than the Tories pre-the financial crisis.

Since the financial crisis we continue to run deficits of roughly over 4 times the typical amounts of Majors last Tory government and that of Brown.

These are facts which you simply cannot refute.

looks like Brett should stick to winning the Lance Todd...

Utter tripe.

Labour were in power at the crest of an economic upside, 1991-97 was one of the worst post war recessions.

Please come back when you have a clue what you are talking about.

LOL, living memory is a bit to close to try and re-write.

A Labour ministers own words, on leaving the Exchequer.......

"Dear chief secretary, I'm afraid there is no money. Kind regards - and good luck! Liam."

Q.E.D.

Please come back when you can actually argue a point through, rather than simply chosing to ignore it.

./must try harder.

It was spent trying to dig your banker friends out of the mess they got themselves in, best you do some more reading before making a complete t!t of yourself.

I don't recognise your revisionist version of the facts, you have no point, you have no argument.

That's the best you can come up with?

Given your previous on this and other threads where you've had your ar[is[/ie handed to you on a plate, I suppose it is the best you could come up with.

No chance of any facts, figures etc I suppose?