According the Pentagon Papers, the subject of the excellent new Spielberg film ‘The Post’ US governments knew for 10 years before they pulled out of Vietnam that they couldn’t win the war. The reason none of them would admit it was ’10% belief in the cause, 20% blind optimism and 70% not wishing to admit they were wrong’.
Carillion’s pensions have been underfunded for 10 years. Their Chairman was a special adviser to No.10 and a Conservative party donor. In the words of the song played at Tony Blair’s (whose idea it all was) victory party in 1997, ‘things can only get better’.