The big upshot of this was that the government ran up massive IOU's disguised as Quantitative Easing and which amounted to the Bank of England printing money hand over fist.
I dont want to get mired down in this too much. QE as it became known was the only method of maintaining good order in the financial markets that was used by the government. It may not be unconnected but this enabled quite a lot bonuses to be paid to our bankers whilst all other areas of public life were starved of funds.
The staffing crisis in the NHS is directly drawn from the fact that staff didn't receive a fair pay rise for at least 7 years post 2010. I railed against these decisions on this very blog.
After 14 years of Conservative blundering and yes I do mean blundering, the Brexit debacle, HS2, Covid 19 response and now the long recession. Never mind Boris Johnson! Liz Truss anyone? We have at last come full circle and are "welcoming" in a Labour government. That promptly went and dropped manure all over our old folk to name but one group usually aided by Labour.
Plus ça change
They have 5 years to recover their reputation. If they can get the economy growing again some might be forgiven. They do not look like they have a plan however
Watch and wait
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