The SECRET debt of LABOUR

BBC News: Reports the secret debt left by the Labour Party to the new Coalition Government. This view is shard by Conservatives and Lib Dems, no wonder that the Labour Party wanted out of power, they have left political IED’s all over the place, one has to wonder what else Labour did in its last years that could come back and hurt the Government and the UK. On the other hand it gives the Coalition a good spin attack on Labour, the guilty men of Labour have wrecked the economy, this is not new, that is the typical experience of the UK after Labour has been in power, let us recall the Winter of Discontent of the late 1970s. Thus expect real hard cuts in public spending, also VAT could go up to 20%, the tax on alcohol and cigarettes will have to raise to high levels, also VAT could be added to goods that it does cover at present, the debt has to go down folks. Thus it’s better to have the nasty medicine now than later, its takes a Conservative Government to be a grown up in Government.