[Angus]

The true extent of the Labour Party's incompetence and profligacy is revealed today

Official National Debt: £890 billion - the equivalent of every single Briton with a job owing £77,770.

Public Pension Liabilities: £1,200 billion - public sector's employees' pensions protected whilst private sector employees were shafted.

Private Finance Intiative £130 billion (loaned to private sector companies who have gone bust)

Network Rail £22 billion (restructured loan from Railtrack ) Down to taxpayer if and when Network Rail goes broke


Seems Alastair Darling has done a runner to the back benches as he doesn't want the embarrassment and humiliation of trying to defend the serious charge of cooking the books. Sadly he inherited this problem from, guess who? Gordon Brown - who was as incompetent a chancellor as he was a prime minister.

So if savage cuts have to be implemented to save us from total bankruptcy, put the blame where it firmly belongs.