Soldato
- Joined
- 13 Apr 2013
- Posts
- 13,049
- Location
- La France
Ah I see - you've fallen for the Tory narrative that the Labour government were responsible for the global financial crisis and that austerity is necessary to repair the public finances, despite the evidence that the public finances only started to get better when Osborne abandoned austerity.
While Labour didn't cause the crisis, they did quietly remove the banking controls put in after the IBCC scandal which meant UK banks were able to lend silly money to the Yanks.