20 Recession failures of Gordon Brown

On our first full day out of recession (so we are led to believe) I thought it worth listing the twenty recession failures of Gordon Brown.

1. the UK entered the recession with one of the largest deficits in the developed world
2. the Labour Government is borrowing nearly £6,000 per second and undermining global confidence in the UK economy
3. the VAT reduction failed and caused unnecessary costs for business
4. half the businesses that have gone bust in this recession have done so because of the Government
5. confidence in the economy is low because Gordon has no credible plan for cutting spending
6. Labour's recession business schemes have failed
7. red tape they introduced last year is costing business £13 billion more
8. manufacturing output is at the lowest level for twenty years
9. UK was one of the first countries in to the recession and the last one out of the G20
10. UK has the largest budget deficit of the OECD and the G20
11. national debt will triple to £1.5 trillion in five years to 2015
12. UK will have the largest level of debt since the war and we only finished paying for that in the last ten years
13. in 2013 every taxpayer will pay over £2,000 a year in debt interest alone
14. more than £15 billion a year is paid to overseas investors to service the debt
15. Brown is spending more on debt interest than anything else - schools get £31.9 billion next year and the debt interest will cost £63 billion
16. 17,500 more companies have gone bust than in the 1980's recession
17. 3,000 more companies have gone bust than in the 1990's recession
18. Brown's mortgage Rescue Scheme started in January 2009. It was said it would help 6,000 families but has only helped 92.
19. The Capital for Enterprise Fund has helped five businesses
20. exports have fallen more than any other recession on record

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