Had the previous "government" indulged in proper regulation, and had they made an example of Northern Rock, and had not millions of greedy Labour voters fallen for the great Blair deception, this situation would not have been anywhere near as bad. When Brown said he'd abolished "boom and bust" he was basing it on the effects of the housing price bubble that the Blair govt had created and exploited. How could any sensible person not see that a trebling of house prices in the ten years after Labours election was anything other than a recipe for disaster Yes, bankers may be greedy, but just as greedy as those that borrowed recklessly at the expense of savers and pensioners, the unemployed and those in social housing so that they could get their own feet in the trough. What is it they sing at the Labour Party conference? Ah, yes, "The working class can kiss my ######, we'll keep the red flag flying here!"
I think that's very true
in many ways but not all it was 'meet the new boss same as the old boss' and people felt betrayed
although to be fair section 28 was repealed and some of the other evils perpetrated by Thatcher were addressed, but that was just window dressing.
Thatcher and Major were radical politicians. They did stuff, stuff that some people thought was great-remember 'The Fishing party'? Lots of other people suffered for it.
Blair was given more power via the electoral system and through successive terms than any other labour government, which many people think was wasted: including conning the country into going to war to hell GW Bush out.