Fraser Nelson Fraser Nelson

The great debt deceit: how Gordon Brown cooked the nation’s books

Amid global financial turmoil, and on the eve of Labour’s conference, Fraser Nelson and Peter Hoskin reveal the true extent of the nation’s debt — equivalent to £26,100 for each British household — and Brown’s scandalous manipulation of the Private Finance Initiative

issue 20 September 2008

A few months before the general election which brought New Labour to power, Geoffrey Robinson had David Davis to dinner in his flat overlooking Hyde Park. The flat had been the scene of much recent political activity, used as a den by Gordon Brown who would invite his allies around and plot his personal strategy, pausing only to watch the football and eat pizzas. But that night the Labour guests had cleared off, and the then Tory Europe Minister was treated to the disorientating experience of being served supper by the butler of a Labour MP.

As the conversation turned to the inevitable Labour victory, Mr Robinson said how much he was looking forward to turning the government spending tap on again, putting an end to what he saw as the years of Tory parsimony. Mr Davis was bewildered. ‘You can’t do that,’ he replied. ‘You’ve promised to keep within our spending plans.’

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