Gordon Brown confirmed today what he has always claimed - that he has put an end to boom and bust. This comes a day after the government announced a surprise 7,000 drop in its main measure of unemployment in the three months to November.
"In 2008, a sixteen year boom, the longest period of growth in economic history, came to an end. And now, with the latest positive figures on unemployment, the bust that followed that boom has also ended. I can therefore safely say that during my stewardship of the economy as Chancellor and my subsequent Premiership at No.10 I have ended first boom and then bust. And if that is not an end to boom and bust, what is?"