Dear Chief Secretary to the Treasury,
I'm afraid to tell you there's no money left.
Signed, Liam Byrne

(Outgoing Labour Chief Secretary to the Treasury. May 2010)
.
.

Tuesday 3 November 2009

Great?

According to 'Burning our Money' Britain has become great again, but not in a good way. We have the greatest government deficit of the developed world

Here's an extract :
we must just record an eye-popping chart recently published by the OECD. It shows their estimate of the fiscal deficit each of their members will clock up this year (as a percentage of GDP). And as we can see, we are at the very bottom of the league.

THE VERY WORST GOVERNMENT DEFICIT IN THE DEVELOPED WORLD.

You should remember this chart next time you hear Brown/Darling or one of their media apologists telling us we are helpless victims of an international problem. The reality is that we are worse placed than anyone else - including basket cases like Ireland and Iceland.
See the chart here and weep, for us, our children, our grandchildren and probably our great-grandchildren too.

Who would have thought that a mere twelve years of socialism could do this - thanks Gordon!

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