The UK economy was already in a bad way when the recession started. It was caused by a worldwide recession caused by failures of many governments to regulate the financial industries properly.
Brown was in charge as chancellor and then prime minister and was responsible for ensuring that the financial regulation was done properly in the UK. He doesn't seem to like accepting responsibility for his actions if it might cause him to look bad, but he was in charge. It was his responsibility and he failed!
Gordon Brown and New Labour have been in control of the UK for a long time. They cannot blame anyone else for the parlous state of the UK economy.
It is a bit rich for Brown to accuse Cameron of planning to cut services when so much of the money spent on them was borrowed in the first place!
The next government has to pay back these debts. The cupboard is bare. We don't have the money to repay the debts let alone find the money for new services, schools and hospitals etc.
Whoever wins the next election will have to reign back on spending and increase taxes to pay back the debts that New Labour have accumulated during their time in power.
Brown has borrowed billions to get us out of the recession (that he is arguably responsible for!) . We now have to pay that money back from our taxes (don't forget that we have to pay back the interest as well!)
It is obvious that something has to change in the way that the economy is being run. The UK cannot keep borrowing money!
We are going to have to have increased taxes just to repay the existing debt. That is unavoidable and it will take many years of high taxes to clear these debts.
So where will the money come from to maintain the cost of the public services (including the NHS) ? No government, including New Labour, can carry on spending money that they don't have.
When I hear Brown attacking Cameron with accusations that the Conservatives will cut spending on public services, then I do wonder how desperate he is to cling onto power!
Can Brown really keep people from realising that the UK is saddled with so much debt that that it is too poor to keep spending money?
Can Brown really make enough people in the UK be more scared of what Cameron might do, than New Labour and Brown have already done to the UK economy?
How happy are people going to be with New Labour if they have to pay extra taxes and suffer reduced services for many years just to clear the debts incurred by Gordon Brown and New Labour?
And it is not inconceivable that Labour will again end up having to seek help from the International Monetary Fund as it did in 1976.
