what happened last time labour was in power?Watch this thread
You could argue the money was misspent. Vast amount was piled into education and the results are not really any better than they were before. Look at the spending on IT in the NHS £10B for nothing!
PFI contracts seem to be one of the biggest fingers you could point at for incompetence at labour.
IMO chancellors get too much credit when things go well and too much blame when it goes wrong.
No great but not awful, that was until the crash happened and due to a lack of regulation you see the situation we have today.
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Blair got in promising reduced class sizes, and Brown was only prepared to borrow to invest. They royally f**ked up over Iraq but as far as the country went, lots of new schools got built, many town centres were revamped after years of neglect and the gentrification (love it or not) that has seen many down-and-out areas come back to life was started. I feel that the Tories are simply taking us back to the early 90s and things really were a bit grim back then.
Doubled dividend payouts?
Took unemployment down to a 30 year low?
Took employment to a record high?
Increased the average wage?
Reduced the interest rate on Government debt by 80% .