The Blair and Brown Labour policies of the past decade have encouraged the level of household debt in the UK to run away, making UK households the most over leveraged on earth. In TCE’s view, the process was a deliberate attempt to create a veneer that the British economy was strong, that simply back fired.

Labour in reality has only ever had two plans. To keep interest rates dangerously low to inflate asset prices, whilst dramatically increasing the number of civil servants effectively falsifying the unemployment numbers. So Labour, please don’t blame the banks for this mess; blame the debt addicted voting masses for wanting to live on the ‘never–never’ encouraged to think that house price increases will always bail them out, and of course yourselves for gross incompetence.

This government’s answer to dig Britain out of this hole has been to reduce the number of people employed in the private sector i.e. those that actually contribute to the UK coffers, and paying the average civil servant more than the average private sector worker. This, whilst encouraging wealthy foreigners to leave the country through onerous fiscal enforcement.

Gordon Brown; control freakism and spin, apparently the two main skills of your party, won’t get Britain out of this Labour created mess.