The terrible legacy of Tony Blair.

The article critically examines key decisions made by the New Labour government under Tony Blair, arguing that these choices laid the groundwork for many of the United Kingdom's current economic and structural challenges. It highlights policies such as the sale of 40% of Britain's gold reserves at low prices, a tax on privatised businesses that discouraged investment, and the abolition of advance corporation tax, which undermined pension funds and the London Stock Exchange. Other significant actions include the mismanagement of British Energy, renationalisation of Railtrack leading to increased costs, abolition of GP fund-holding in the NHS, and over-expansion of higher education resulting in high student debt. The article also notes Blair's partial reduction of the EU rebate and his indirect role in the credit-fuelled growth preceding the 2007–2008 financial crisis, concluding that these decisions have contributed to the UK's persistent economic underperformance.