I disagree, interesting that you keep changing you're argument though.

The mining industry was struggling but you won't find a single educated person who'd dispute it was thatcher who destroyed it. There was huge out cry at the time about de-nationalisation let alone with hindsight.

Greece is exactly the state we'd be in if the banks had collapsed any further is why I bring them up. If you prefer I'll use Ireland instead they are even more comparable with ourselves.

Give up with Northern Rock, you have missed the point. It sank because of the international crisis. If the bubble hadn't burst they'd of made an absolute killing. The deregulation which allowed the banking collapse was indeed a policy error, it started long before Brown and in virtually every country in the world. If you actually read my comment you see that I admit he deregulated further, to use your own phrase though, with the benefit of hindsight it's easy to see the banking system was unsustainable but no one called the crisis before it happened. You're still putting the cart before the horse though, just because there is no regulation preventing someone doing a thing doesn't mean it's the regulators fault if they do so, the CEO of northern rock remains ultimately responsible for the trading deals it made.

I am not confusing deficit with debt in the slightest. Deficit is the is the amount by which spending exceeds revenue over a particular period of time, this is always going to be the case during with constant reinvestment of the money in a banking economy. It is in my opinion more desirable to have a more balanced economy not one almost solely reliant on banking so this deficit is not a constant state of affairs. Funnily enough it's taken more than the 10years gordon Brown had in office, where he didn't actually do anything revolutionary, to shape the UK economy and it goes back to the major reforms before him.