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Dear Tories, sorry we spent all the money: Labour's farewell letter exposed as coalition sets out £6billion in cuts

* Osborne sets June 22 as date for emergency Budget
* Economic forecasts handed to new independent body
* Cameron warned against new tax blow to middle class
* Govt to announce 100 more peers to transform Lords
* PM begins drive to to curb public sector spending

Labour's gross mismanagement of the economy was laid bare today after it was revealed a former minister left his successor a note that said 'there was no money left'.

In a stark message left in a Treasury desk, outgoing chief secretary to the Treasury Liam Byrne wrote simply: 'I'm afraid to tell you there's no money left.'

His pithy summary of the serious challenges facing the new power-sharing administration was revealed by Liberal Democrat David Laws, who has taken on the role.

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Cutting Chancellor: George Osborne, pictured today at the Treasury, is preparing to outline
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Added: May-17-2010 
By: gettingbored
In:
News, LiveLeaks
Tags: bnp, tory, lib/dem, Liberal, democrat, conservative, uk, britain, british, mp, rumanians, muslim, islam, islamic, choudry, haiti, speech,
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  • I don't know anything about British economics, but why does there always seem to be plenty of money in the coffers to bring in more immigrants? I'd think that would be the first budget item to get eliminated.

    Posted May-17-2010 By 

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  • We are broke.,In fact we are more than broke. We were broke before we borrowed money to give to the banks.

    Buddy can you spare a dime?

    Posted May-17-2010 By 

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  • Hope there is plenty of cake to go around...the rulers will still be eating prime rib.

    Posted May-17-2010 By 

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  • Dont know if the UK government has anything like a "line item" veto, but they have to go through the budget and eliminate EVERY unneccesary budget item, starting with the socialistic welfare entitlement system so prevalent in the UK.

    Posted May-17-2010 By 

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  • in the words of the guy from dads army... we'r al doomed, i tell you doomed.

    tax goes up, spending goes down, people stop going out as they can afford less, jobs get lost,

    where i work, we this is our buissyest period, 140 machines, last night. 5 of them where runing, and tonight, no more than 60. the u.k is fucked.

    Posted May-17-2010 By 

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  • welcome to the jungle now you gonna die

    Posted May-17-2010 By 

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