The great crash of 2007 to 2008 was when it became clear that the UK has to start paying its way in the world, that it's impossible to run current account deficits forever, that when aggregrate household, business, corporate and banking debt reaches four times the value of everything we produce (which it did in 2008), it's time to start saving, investing and working harder.

BBC: If growth's the problem, are more ARMs the answer?