The money ran out in 2010. So ran a note by a departing Labour Minister: one finale epitaph on that irresponsible administration. Some will call this a lost decade; but better to rename this: Brown's Bust.
The Guardian sets out a series of welfare changes that come into effect in the next two months. These changes represent a reduction in the amount of benefits received and reduce the scope by which entitlements can be rewarded. This will not reduce the welfare bill; only its rate of increase. The article is entitled by Patrick Wintour, their political editor, as the day that the Coalition changed Britain.
Rather OTT, as the alternatives are far less palatable. Reduce benefits in Irish or Greek terms and embrace destitution. That day may still come. Have Labour and its slavish press forgotten that the money to pay for their client state must be raised abroad and, if no money is raised, no benefits can be paid.
Labour opened the sluicegates of debt. All else is incidental detail designed to deal with the consequences.