Sunak has made an absolute pig's ear of the economy

I buy at discounted prices and play the gee-gees. my gambling success can be measured by having been banned by a major bookmaker. Oh and I've just read a load of shit.

It's a real shit when someone can't start a thread of any interest.

Yes - the end years of the last Labour Government certainly fucked the economy..

LOL - one minute we are being told by the New Labour fanboys that Crash Gordon was just a helpless bystander who had no power or influence - next we are being told he was such a genius he saved the world..

What I would respectfully point out was that the Cameron/Osborne administration never went into recession..unlike the previous Labour one.

The UK economy did grow continuously when Brown was chancellor but it was done by letting in cheap labour from Europe and growing the state (public sector) to about 50% of GDP - which is a recipe for disaster. Historically the UK can support a state of slightly over 40% of GDP. Anything more leads to large budget deficits. And so it proved. Brown tried to resolve this problem by expanding the money supply by relaxing credit controls. And this also had the usual predictable effect of busting the banks. 

It was nothing to do with the "world wide financial crisis" - which wasn't world-wide BTW, nowhere near. It's true that the buying of worthless American CDOs by some of our banks (and Europe's) caused a credit crunch - where no banks would lend to each other because no one knew who was holding the worthless CDOs - but the cost of bailing out the banks was less than £120 billion and was recouped fairly quickly by the govt by selling the bank shares that the govt had taken in exchange for the bail out.

Th real problem that the Coalition govt had when they took over from Brown was that they inherited the largest peace time budget deficit and a huge state - mainly made up of useless civil servants who did nothing but were paid a lot. It took a lot of time to shrink the state and during that time the BoE had to print money to fund govt borrowing.

Basically Brown's economic record was one of total disaster and the near £1 trillion of money printed is actually now a major cause of the entrenched inflation we have. It's often the case that the solution to one problem just causes the next financial problem - and this is what happened with the out of control QE. And Sunak has just made that worse during Covid.   

Basically the solution to the problems that Blair/Brown left behind ("there's no money left") was to get the BoE to print QE and drop interest rates to virtually zero. So the Coalition decided to prop up asset prices. But there was always going to be day of reckoning when the money that the BoE had invested in govt bonds had to be paid back - which is now happening as the BoE is selling govt gilts at knock down prices. And we were always going to have to "normalise" interest rates which will knock asset prices severely.

Now is the time to pay for what Brown did to our economy.