The Role of the Chancellor in the Great Recession

As a young man, i was the treasury desk officer for monetary policy in the early 19 eighties. I remember a george osborne constantly saying, talking about his long term plan,. that was a favourite phrase. The financial crash of two thousand and eight really defined gordon brown's economic legacy. And i have said before, mister deputy speaker, no return to boom and buss. We will not return to the old boom and bustis going to be one of the watershed days in history. Goodevening.