Article from The Guardian Labour overspending did not trigger financial crash, says senior civil servant
Headline reads
Permanent secretary to Treasury, Sir Nicholas Macpherson, contradicts Tory pre-election claims, saying financial crisis was ‘a banking crisis pure and simple’
Notable point
The previously held view was "strengthened by the now notorious letter left by the former Treasury chief secretary Liam Byrne to his successor in 2010 that there was “no money left”.
So Labour should be happy to be found NOT to be responsible for the financial crisis but has no idea why.......Brilliant!
Headline reads
Permanent secretary to Treasury, Sir Nicholas Macpherson, contradicts Tory pre-election claims, saying financial crisis was ‘a banking crisis pure and simple’
Notable point
The previously held view was "strengthened by the now notorious letter left by the former Treasury chief secretary Liam Byrne to his successor in 2010 that there was “no money left”.
So Labour should be happy to be found NOT to be responsible for the financial crisis but has no idea why.......Brilliant!
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