Treasury advisers warned Gordon Brown and Ed Balls their spending plans were ill-conceived years before Britain's economy went into free fall.
The damning revelations, published in today's Daily Telegraph, show that senior members of the Labour Cabinet were told that "ineffective spending" must be "closed down" just months before then Chancellor, Gordon Brown, embarked on a £90 bn spending spree that he continued as Prime Minister despite clear advice to the contrary.
By the end of 2008 Britain was teetering on the brink of its deepest recession for a generation, with manufacturing down 7% and unemployment standing at almost 3 million. Gordon Brown's frivolous spending left the nation facing record nation debt, just as the global financial crisis was about to bite.
Yesterday the Telegraph published excerpts from private memos between Brown and Balls, criticising Tony Blair and discussing how to discredit him as prime minster. The treacherous duo then drafted a deal document, which they hoped would accelerate Blair's departure and Brown's bid for premiership.
Michael Fallon, deputy chairman of the Conservatives, said: "As recently as last year, Ed Balls and Ed Miliband were denying something we now know to be true. While Britain's debt doubled, welfare spending spiralled out of control and education standards fell, they were obsessing about getting rid of the elected prime minister and putting Gordon Brown into the position.
In an attempt to deflect from his party's habitual economic incompetence Ed Miliband, Labour leader, described the revelations as "ancient history".
The damning revelations, published in today's Daily Telegraph, show that senior members of the Labour Cabinet were told that "ineffective spending" must be "closed down" just months before then Chancellor, Gordon Brown, embarked on a £90 bn spending spree that he continued as Prime Minister despite clear advice to the contrary.
By the end of 2008 Britain was teetering on the brink of its deepest recession for a generation, with manufacturing down 7% and unemployment standing at almost 3 million. Gordon Brown's frivolous spending left the nation facing record nation debt, just as the global financial crisis was about to bite.
Yesterday the Telegraph published excerpts from private memos between Brown and Balls, criticising Tony Blair and discussing how to discredit him as prime minster. The treacherous duo then drafted a deal document, which they hoped would accelerate Blair's departure and Brown's bid for premiership.
Michael Fallon, deputy chairman of the Conservatives, said: "As recently as last year, Ed Balls and Ed Miliband were denying something we now know to be true. While Britain's debt doubled, welfare spending spiralled out of control and education standards fell, they were obsessing about getting rid of the elected prime minister and putting Gordon Brown into the position.
In an attempt to deflect from his party's habitual economic incompetence Ed Miliband, Labour leader, described the revelations as "ancient history".
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