I do find the whole economy thing a bit odd in saying Labour can't be trusted.
- Sadjid Javid worked for Deutsche Bank and packaged derivatives which helped caused the financial crisis.
- Rishi Sunak made £100 million in a deal which triggered the financial crisis by loading RBS with debt.
- Steve Baker worked on the software that allowed Lehmans to trade dodgy derivatives and bankrupted the company.
All of these are Conservative MPs.
Yet Labour and Gordon Brown seem to be blamed for not basically not being aware of what Wall Street banks, London based hedge funds and overseas governments were doing. At no point is Gordon Brown mentioned in The Big Short as far as I can recollect.
Spending as a proportion of GDP was possibly slightly above average but not what you would call extravagant under Labour in 2007-2010. We had just about got to a point where public services were being funded at a decent level after years of neglect under Thatcher and Major.
The carnage that bankers on Wall Street and other Foreign nations spending sprees caused the financial crash as far as I can see and I don't see how people can blame the Labour government of the time unless you believe that we are the most powerful country in the world.
Also George Osbourne's austerity led to such a drop in GDP that has cost the country billions (£76 Billion according to the IMF) so why does he seem to escape such criticism?
Labour chancellors at least seem to have an understanding of the multiplayer effect on an economy. Didn't some people at the treasury have to explain to Osbourne some basic gcse economics in that his commitment to creating a budget surplus is actually a bad idea as it removes money from the economy?