The last few days have seen the newspapers filled with the carry on's of the internecine warfare in the Labour Party.  To most people, struggling to keep their heads above water, the Labour fratricide is pretty irrelevant.

However, from all the verbiage in recent days, one thing does stand out: The fact that in 2006, Gordon Brown was warned that Government spending was out of control.  Restraint was necessary.  Note that this was way before the banking crisis and the world recession.  Instead, Mr Brown began a £90 billion spending plan, virtually bankrupting the economy in the process.  The collapse of the banks and global economic disaster, meant that there was no money left to deal with the crisis.  The argument that Labour failed to fix the roof when the sun was shining holds true.

What is fascinating is the 2006 Cabinet document which said : "We have spent all this money and what have we got to show for it".  I remember as a Conservative candidate campaigning under the slogan "Taxes up, but where has all the money gone".  At the time the Tories were mocked.  Who's laughing now? Certainly not the UK Taxpayers' currently paying £120 million a day in interest rates alone - to pay off the debts and deal with Gordon Brown's deficit.

You can read more HERE.

by Robert Halfon - www.roberthalfon.blogspot.com