The previous government’s economic failure laid bare
As Ben Brogan notes, there was a clean symmetry to David Cameron’s speech this morning: the crisis was Labour’s fault; therefore, Labour is to blame for the painful measures needed to restore stability. As Cameron put it: ‘I think people understand by now that the debt crisis is the legacy of the last government. But exactly the same applies to the action we will take to deal with it.’ Cameron made constant reference to the actions of the ‘previous government’. As a foretaste of what the Independent Office for Budget Responsibility will expose, Cameron alleged that Alistair Darling withheld estimates that Britain will be repaying £70bn per annum in debt
