It’s an excellent story. It gives the Tories an excellent answer every time they do something the electorate doesn’t like: “It’s Gordon Brown’s fault. He wrecked the economy.”
It’s not true. Even if you accept that the deficit is as big a problem as the UK right-wing press think it is, it’s profoundly ridiculous to blame it on one man.
Back in 2006/2007, none of the opposition parties were worried about the deficit. AFAIK the Lib Dems wanted to increase public spending, and the Tories were committed to matching Labour’s levels of spending. If they’d have acted in exactly the same way as Brown, why is he being blamed?
Also, very few economists/financial commentators were worried about the deficit before 2008/2009. The Chancellor isn’t going to be the best economist in the country, and they are going to rely on advice from economists. I was an occasional reader of the FT and the Economist at the time, and I don’t remember anyone being worried about the deficit.
How can Gordon Brown be expected to have seen what no one else saw? He’d have to have had quasi-supernatural powers! I’m surprised that so many people have fallen for this.