- We were borrowing in good times and in fact had had a structural deficit (ie not related to prevailing economic conditions) for the seven years before the recession even began.
- Labour entered the financial crisis with a larger structural deficit than France, Germany, USA, Japan, Italy and Canada.
- The vast majority of the deficit - £123bn of the £156bn borrowed in 2009/10 - was structural.
- By the time Brown, Miliband and Balls left office Britain had the largest deficit in the developed world.
- National debt doubled during the Labour years.
In addition Britain has put money in to the Euro Zone which may never see back.
As the biggest economy of the ten EU nations not in the single currency, the UK’s share would be some £30billion.
IMF boss Christine Lagarde, the former French finance minister, piled pressure on to the UK, briefing the IMF’s official Survey Magazine that non eurozone countries like Britain should be asked to contribute more than £40billion.
That would require a new vote in Parliament since MPs have authorised only £40billion to go to the IMF. Of that sum, £30billion has been used already, leaving just a £10billion cushion that can be used immediately.
- The immediate resignation of Britain from the European Union, International Money Fund and World Bank.
- The arrest & trail off the criminal bankers.
- The end of Usury and off interest slavery.
- The immediate Nationalisation off all banks trading in Britain to be run for the nation interest.
- The prohibition of pro-marxist trade unions and their replacement with National Socialist trade unions.
- The creation of a liveable wage;
- British Jobs for British Workers.