The new liberal/conservative government soon after taking power set up an "independen" Office of Budgetary Responsibility. Its first chairman was Alan Budd who, in a previous life, was a senior economic advisor to the 1979 Conservative government. In this clip he looks back at that Government's economic policy and shares his "nightmare".
The nightmare for those made unemployed, homeless and denied health care was very real.
Weekly round-up and open thread - This week's collection of interesting links from around the web chosen by the F-Word team
47 minutes ago