They just sell our gold reserves when gold was at an all time low (Gordon Brown as Chancellor) costing the UK tax payer many billions of pounds and leaving the UK with barely any gold reserves when the banks crashed and the recession began, hence the austerity measures that have had to be introduced.
When Labour came to power the police force had been decimated as had the nurses and doctors as had the infrastucture of schools and hospitals.
It had to be paid for somehow and that metal was sitting there doing nothing.
IThe minimum wage was introduced and the result was the amount of benefit claimants plummeted and small business popped up and thrived all over the place.
The economy was strong and in the words of Mervin King there it was people like him who were to blame for the banking crisis.
Not a political fault but a banking one.
Even nations that had gold went down the pan.
Labour were not responsible for the collapse of western banking capitalism.
Right wing Tory banking and investment types brought the western world top it's knees and if you understand how our economies work you'll understand that austerity wasn't and isn't the only option.
The U'K was hit especially hard by a banking crisis because it is the banking capital of the planet.
Are you aware that since the banking crisis the wealthiest people on the planet have been raking in ever more wealth at the fastest pace on the grandest scale at any time in history?
Not throwing themselves from the tenth story windows?
That's because it is a manufactured crisis where the banks now dominate the world like never before.
The money loaned out never actually existed till the bankers created it out of thin air on computers so they never really lost anything tangible.