Lord Young resigns following recession gaffe
Lord Young of Graffham has resigned from the coalition government in the fallout from his comments that the majority of Britons had "never had it so good" despite the "so-called recession".
He told the Daily Telegraph: "For the vast majority of people in the country today they have never had it so good ever since this recession - this so-called recession - started, because anybody, most people with a mortgage who were paying a lot of money each month, suddenly started paying very little each month. That could make three, four, five, six hundred pounds a month difference, free of tax."
He also claimed that in 30 years people would look back on the Government's spending cuts and
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