Two words---gold reserves!

Gordon Brown got rid----we could have got out of this hole if we still had them. Well done him for keeping Blair popular---it is a shame our kids now have to suffer for it.

rune

Not just the children of today, but most likely their children as well, the debt the UK has today is incredible, it will take a very long time, twenty or maybe thirty years to get back to 'normal' levels of debt. During that time we will be paying interest on the loans, I don't have time to check it but £70 million a day has been mentioned

and then we squander 65 mil to schools in pakistan!!!

Squander? How so?

unfortunately, each new generation pays for the last. It's the way it works now and the way it has always worked. Money we paid into state pensions went to pay for our parents and grandparents. The first and second World Wars were paid for by subsequent generation as has been each major recession.

It's not unique to Britain, it happens throughout the World.

Not saying it's right, but just the way things happen.

If we're looking back to lay blame, then perhaps a look at the annihilation of our manufacturing industry would be a good place to start. Had we still had a strong manufacturing base, money would be continually generated on an ongoing basis. Perhaps the decision to generate our electricity on very limited supplies of oil and gas that were the bounty of the North sea could also be looked at instead of continuing to use the ample supplies of coal that are still available to us, but would now cost so much that economic viability makes it fairly impractical.

Perhaps looking not so far back to the Forgemasters fiasco where our new coalition would rather pay them compensation for backing out of a promised loan (that would have been repaid and would have put us in a strong position on new industry) rather than invest that money in the short term for the longer term gains.

So many cock-ups by so many Governments

When I first got my car 4 years ago, it cost me £32 to fill it, now I'm paying £47 for 3/4 of a tank. Last week I put a tenner in because that's all I could afford and the needle didn't even move!!