Quote Originally Posted by Bohinen View Post
That quotation about best of luck, there's no money left, etc, as I understand it is what every new Chancellor finds in their in-tray when they take office, it's Chancellor bantz, an in-joke that these people seem to find amusing. If you think about the Chancellors we have had, they have more in common with other Chancellors than anyone in their own party. There is a type, people who take joy from fine details and complicating things as much as is humanely possible.

Re 1979, I don't remember it as being that bad. Like most people at the time, I was working and could afford to go on holidays and spend money, far more so than today. Mass unemployment came later in the 80s.
In 1979 the rate of inflation was 13.4 %. That was about 30 months after Dennis Healey signed a Letter of Intent to the IMF, committing to significant public expenditure cuts in return for a $3.9 billion loan.

Like most of us, when you look back on life, you only remember the sunny days. Don't worry we all do it.