New Labour came to power in 1997 with the anthem 'Things can only get better.' Now look at us. Real wages are falling at their fastest rate since the 70s. The impossible promises were too good, too untrue.
Not that I disliked New Labour that much. It's just that at some point they must have realised 'no more Mr Boom and Mr Bust' was a fiction; but they kept on spending.
All the major political parties agree the country needs to cut - the debt mountain is so gross. I think the speed of the Conservative cuts is potentially crippling, but I understand the logic - to my mind, it is analogous to a fat man who needs to get fit - better sooner than later, before another heart attack.
SO now the economy is in for a horrible two+ years.
Thank you Conservatives, Lib Dems, Labour. You've done us proud.
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