Daily Mail
"Sorting out our debt burden is going to be a 20-year job, and only the Conservatives can do it. In fact, the Institute for Fiscal Studies (IFS) now forecasts it will be a 23-year task, taking until 2032 to fill the black hole reported in Darling's Budget.
Until then, Britain will have to accept lower spending, higher unemployment and higher taxation. This will be the generation of austerity. Most of us might be sceptical about such forecasts, but the IFS prediction is a more reasonable one than most.
After the 1929 Wall Street Crash, it took until the early Fifties for the American stock market to regain its 1929 levels. It may well take that long before the impact of this crash leaves the system."
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