Labour's Legacy

The Conservatives have published "Labour's Last Will and Testament", outlining thirteen years of economic failures.

Ahead of next week's Emergency Budget, this sets out why we must act now to reduce the deficit the previous Government left behind.

Commenting on the release of the document, Conservative Party Co-Chairman Sayeeda Warsi said:

"Let no one be in any doubt about the mess that Labour have left behind. We are all in this together and must realise the consequences of their 13 years in charge."

This is Labour's legacy:

Every man, woman and child in Britain now owes £22,400
We now have one of the worst deficits in Europe
There are 2.47 million people out of work
One in five young people is unemployed
£3 billion on benefit overpayments and £10 million on tax credits for the dead
Selling off Britain's gold at a 20 year low in the market.

Sayeeda added, "The cuts that are coming are Labour's cuts."

You can download the full document here.

Comments

Tim said…
"Let no one be in any doubt about the mess that Labour have left behind. We are all in this together and must realise the consequences of their 13 years in charge."

I wonder if everyone knows that 23 out of the current 29 cabinet members are millionaires. Indeed, the current chancellor has a personal fortune of £4 million thanks to a trust fund - ironically the Child trust fund for less fortunate children has to go. This makes the mantra of 'all in this together' seem highly risable.
The current fashion for blaming Labour for everything may be in vogue but isn't that convincing; curious how no blame is attached to Osborne's banker friends despite them trousering £200 billion of quantative easing - what have they done with the money ?

Labour's cuts ? NO, the last time I checked George Osborne was still chancellor. Is he still looking for savings?

1. Close all tax loopholes.
2. Stop all illegal commodity wars.
3. Bye Bye EU.
4. No more foreign aid to the likes of China, Pakistan and India.
5. Locate quantative easing money.
5:59 pm
Chris Whiteside said…
Labour presided over a huge budget deficit and a vast increase in public debt. The consequences will be catastropic, and will be worse the longer it is left to curb the deficit.

In that sense these are Labour's cuts.

The personal wealth of members of the cabinet is no more relevant than the personal wealth of members of the last cabinet, none of whom were exactly on the poverty line either.

The Conservatives have always put some of the blame for recession on irresponsible lending by bankers, which is why the new government has just changed the regulatory regime and why we are proposing to ensure that the taxpayer gets back money given to bail out the banks through a number of measures including a new tax on the banking sector.
8:26 am
Tim said…
"The personal wealth of members of the cabinet is no more relevant than the personal wealth of members of the last cabinet, none of whom were exactly on the poverty line either."

It is, with respect to the 'all in this together' mantra. One thing the wealthy of this country and others like Greece are very good at is avoiding and evading tax. In Swiss bank accounts are an estimated €308 billion of money that should be in Greek coffers. One suspects that a lot of money from this country is also salted away there.

What form will the money be in that finds its way back to the taxpayer - personal cheque ?

It doesn't seem obvious to me that Conservatives attach ANY blame to bad banking; every coalition spokesman who has got up in the House of Commons since the election has not missed the chance to place ALL the blame on the previous Government. This is the kind of petty personal posturing that alienates so many people. I assume that if England are eliminated from the World Cup on Wednesday it will all be Gordon Brown's fault !
9:41 am
Chris Whiteside said…
With all due respect the suggestion that the Conservatives don't attach any blame to the banking sector is simply not true.

I don't know whether you actually watched the Budget speech but George Osborne specifically said that the recession was started by failures in the banking sector, and he intruduced a new levy on the banks so that the taxpayer can get back some of the money which the sector cost us.
6:06 pm
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