Brown’s Binge, Bonus and Borrow Economy

In Etwall on Sunday 16th August I attended a Conservative event where the main topic of conversation was the state of the economy and what Gordon Brown had done to it.

It’s time to call time on Brown’s Binge, Bonus and Borrow Economy.

Economies in Europe – notably Germany and France - are now out of recession. Their recession has been shorter and less deep because their economies were not based upon over borrowing and a government-endorsed speculative approach to banking, borrowing and our public finances.
Britain is experiencing a deeper recession due to Brown and Darling’s mismanagement and borrowings of over £1 trillion. Skilfully hidden until now, the result will be Brown’s legacy of misery.

The so called “Boom Years” were nothing more than unsustainable growth based upon government borrowing and dodgy banking with the next 3 generations picking up the bill - rather a contrast to the Golden legacy left by Ken Clarke in 1997 of falling unemployment, low inflation and low government borrowing with consistent real increased spending on front line public services.

It is becoming clearer and clearer that this Government is doing everything possible to hide the depth of Britain’s debt and refuses to come clean about the cuts in public spending that must be made because it fears the electoral consequences. Brown continues to act like the undiagnosed alcoholic: he is in complete public denial as he borrows and borrows to hide his economic failures.

Conservatives, in contrast, have made their position both crystal clear and fully transparent:
We will:
- Protect essential public services – like the NHS – and ensure that all
patients receive the best treatment possible free of charge.


- Slash waste and bureaucracy and, once we know the real level of
Brown’s borrowing, tell the public and produce a fair and open
plan that will cut Britain’s debt and bring back a savings-based
economy.”

It is vital that we end Brown’s policy of the ‘Binge, Bonus culture’ and stop banks and Financial Institutions, at risk, from paying their employees obscene bonus payments which encourage the high risk finance that led to the near collapse of our banking structure.