Brown will borrow more than all predecessors combined since 1691

This confirmation of what this blog has been consistently warning (see this post from August 2003 on a difference between the "incompetent" Chancellor of the Exchequer Gordon Brown and Mervyn King) since its beginnings six years ago, namely the complete economic incompetence of Gordon Brown, now comes from none other than the blog of the Financial Times, linked here. I quote: +++++

We pointed out yesterday that the uncovered gilt auction was troubling if not - yet - the end of the world.

The FT’s resident economics guru Chris Giles has a flabbergasting explanation of the scale of the debt the government is raising in the next two years: £350bn.

“That is more debt bequeathed to its successor than the total borrowed by successive rulers and governments of Britain between 1691 and 1997, the year Labour was elected.”

+++++

Now will the BBC, the other UK broadcasting media and the Conservative Party begin to put the message across to the British electorate????? A start could be made by screening the Dan Hannan Devalued Government three minute video IN FULL!!