No Kidding

That was good of Liam Byrne the outgoing Labour chief secretary to the Treasury to leave a welcome letter for the incoming  chief secretary liberal David Laws: it was short and to the point

'Dear Chief Secretary,
I'm afraid to tell you there is no money left.
Kind regards and good luck,

No kidding and we all thought a national debt totaling somewhere between £50,000 and £80,000 per household was just good economics.
 
Now we know the meaning of prudence.
Best wishes
Will