Everybody is blaming Gordon Brown for the recession.Gordon Brown is blaming America and who knows who American is blaming.
But how much are the Tories to blame for the unique situation that we find ourselves in.
Over at Labour Home,this posting looks at how Tory policy my have contributed to our unique problems.
1.The sale of council houses during Mrs Thatcher's administration which led to the upwards trend in house price inflation and fuelled the consumer boom.
2.Demutualising the building societies thus taking away a significant chunk of the banking sector from having to balance borrowings and savings.
3.The big bang of 1987 which set the climate for deregulation and the a divorce between asset prices and reality.
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