Total Debt was at 400% of GDP when Labour took over.
I'm no fan of blair and brown, but you are talking absolute nonsense.
The high debt when including personal debt all stems from the idea that ever increasing housing prices are a good thing, and that houses at 8 times salary levels are not an absolutely insane fiscal situation but a great thing.
Whoa there. I'm with you on house price rises, I think they've been obscene under several governments. But the question remains as to what extent the gold sale assisted Labour's record. Perhaps it didn't but it's still a valid question.