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George Osborne accuses the defeated Labour Government of having "brought Britain to the edge of bankruptcy"

George Osborne 2010 Chancellors debate After a few days in the post, Chancellor George Osborne has fired a broadside at the defeated Labour Government, accusing it of bringing the country "to the edge of bankruptcy" and bequeathing a "mess" to the coalition administration.

Writing in tomorrow's News of the World, he states:

"What a mess they’ve left behind. The national debt is soaring, wasteful spending is everywhere, and the news on the day I was appointed that 53,000 more people are unemployed was a stark reminder of the dire state of the economy.

"Labour brought Britain to the edge of bankruptcy and left everyone but themselves with the bill. They can’t blame the Treasury machine. In fact after less than a week it’s already clear to me that the civil servants in the Treasury are some of the best and brightest that Britain has to offer. It’s a privilege to work with them. No, the truth is that Labour governed in their own narrow party interest not in the national interest. They should never again be trusted to run the economy. And the national interest is what this new coalition government is all about. Faced with the worst economic crisis for a generation what Britain needs is strong and stable government."

"We won’t be able to turn things around in a week or a month or even a year. After thirteen years of Labour our economic problems run very deep, and there will undoubtedly be some difficult times ahead. But this new government of the national interest has already rolled up its sleeves and is working flat out to get the British economy moving. As a result we now have what we haven’t had for a long time – hope for a better future."

Jonathan Isaby


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