Jim Dobbin's real legacy will be that he was part of of a Government that led the country to near bankruptcy. We now owe £850bn and rising. And the banking bail out only accounts for £100bn of that. £1 in every £4 spent by the Govt is borrowed. We now pay more in debt interest than we spend on schools and universities. And we have been stitched up with public private finance initiatives that will take decades to repay.

Leaving the ring fenced health service budget aside, if we cut all other public expenditure by a whopping 20% we won't be debt free for 20 years. Thanks Jim. Thanks for nowt.