The answer to Dr Alf’s question is ‘yes’.
We had to borrow money from the IMF and then thanks to Mrs Thatcher we were bailed out by the Sultan of Brunei to whom she said Britain owed a lifetime debt of gratitude.
People have short memories but should look at the history of Labour Governments–Every one of them has bankrupted the nation and inculcated “the world owes me a living attitude”.
This manifests itself in a desire to harken back to a bygone age where products of indifferent quality could be foisted on a world and Trades Union bosses roamed about like beer drinking mastodons and encouraging workers to do as little as possible whilst evading quality requirements of the kind we now take for granted.
We lost shipbuilding and most of our export manufacturing capability due to the actions of left-wing Labour Ministers and Trades Union barons who supported the sort of nonsense that Miliband propounds today.
We should be very worried indeed because history will repeat itself and those with short memories will pay.