IFS say Gordon is a cunt(well nearly)

Gordonomics in action(more details on the sidebar)
Britain is emerging from the recession with one of the weakest economies in the industrialised world as a direct result of Gordon Brown's spending binges, according to a damning analysis.
His handling of the nation's purse-strings has been attacked by a highly-respected economic think tank which condemned Labour for saddling the UK with too much debt and borrowing.
The Institute for Fiscal Studies (IFS) said that during his years as Chancellor, Mr Brown's splurge on health, education and welfare had left Britain badly placed to deal with the credit crunch.
In a briefing note, the IFS concluded that Britain had been more vulnerable to the economic crisis than other First World countries because the Government had failed to get the public finances in order.
Experts admitted Labour had cut borrowing and debt inherited from the Conservatives in 1997. But they said the 'vast majority' of industrialised nations had gone further in strengthening public finances.
The IFS added that the UK would have 'one of the weakest fiscal positions' in 2010 because of the size of the financial black hole going into the credit crisis.
Britain is forecast by the Organisation for Economic Co-operation and Development to experience the highest level of borrowing this year among like-for-like nations - 9.8 per cent of national income.
And it will have the ninth-highest debt levels of the 28 OECD nations - 59 per cent of national income.
Between 2007 and 2010, the UK experienced the fifth-highest increase in borrowing.
Public sector borrowing ballooned to levels not seen since the Second World War and is forecast by the Treasury to hit a record £167billion for the 2009-10 financial year.
Mr Brown yesterday indicated that Labour is bracing itself for a jump in unemployment figures on Wednesday.

Record debt and no jobs, cheers Gordon. 

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