How are Labour to blame for the current financial crisis? It is a worldwide financial meltdown.

You can't cut your way out of a recession, you have to spend money on infrastructure so that people are back to work and have money in their pockets again, which they in turn pass on to businesses.

Thatcher destroyed industry in this country, and wiped towns off the map. Her own cabinet were even telling her to forget about the north. Imagine that.