Dear Chief Secretary, I'm afraid to tell you there's no money left.Byrne claims it was meant as a joke. Laws didn't find it funny though. The new government has been lifting rocks and finding more debt under every one. The departing Labour administration, knowing it had nothing to lose, seems to have operated under a scorched earth policy of committing to vast expenditure in marginal constituencies knowing that it would either get them re-elected or someone else would be sorting out the mess.
On the plus side, this is the first time in thirteen years that a labour minister has told the truth!