Monday, June 21, 2010

Labour’s Legacy – The Last Will and Testament of Labour 1997–2010

To my successors, I leave no money, only waste, debt and the deepest cuts of modern times.

To the young people of Britain, I leave one in five of you without work.

To pensioners, I bequeath you lower pensions. I reduced the value of pension funds by billions. I leave you working longer for less.

In 13 years, I have wasted the inheritance left to me.

Of the gold bullion my predecessors bequeathed me, I sold over 350 tonnes at the worst possible price.

I have spent and spent and spent again - and every man, woman and child will have £22,400 to pay for my profligacy.

I have taken your hard-earned money and wasted it. I lost £3 billion in benefit overpayments and paid the dead £10 million in tax credits.

I leave Britain a bigger deficit than France, Germany and Japan, greater than Greece, Italy and Portugal.

I leave 2.47 million of you without a job.

With more time I could have done more.

I leave no apology, no regret, no comfort, and not an ounce of contrition.

I leave you years of painful and difficult decisions.

This is my legacy to you.

From the document here.