'There's no money' note revealed

The infamous letter written by outgoing Chief Secretary to the Treasury Liam Byrne to his successor David Laws, telling him "I'm afraid there is no money," has been shown for the first time to ITV News West Country.

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MP did not expect reaction to 'there's no money' note

David Laws has spoken exclusively to ITV News West Country about the now infamous note he received on his first day at the Treasury from his Labour predecessor saying "there is no money."

The former Chief Secretary to the Treasury said: "I really didn't regard it as a big thing and I only mentioned it almost by accident at a press conference that we held a few days in to the government, not expecting rather naively, the huge reaction that it got."

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