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I`m sorry, there is no money

he will be one of the most significant members of the Cabinet

Quote by: Wintour and Watt
Quote made on: 2010
Quote Submitted by: Financial Foot in Mouth
Source: Liam Byrne`s Treasury letter

Editor's Notes

Wintour and Watt speculated that Liam Byrne`s Treasury letter in 2010 (“I`m sorry, there is no money”) would help David Laws implement the “savage” spending cuts required, saying, “he will be one of the most significant members of the Cabinet”.

Unfortunately for the talented Mr Laws, 16 days proved to be a long time in politics, as the eruption of his expenses scandal led to a resignation in the same month of his appointment to Cabinet.

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Published on: February 22, 2011

Category – UK Political and Economic Gaffes
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What you as the City of London have done for financial services, we as a government aim to do for the economy as a whole.

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