In fact, he accused the last Government and its lack of action of being responsible for the depth of the recession.If that is what the governor of the Bank of England, who was in office when Alistair Darling was chancellor and Gordon Brown was Prime Minister, says, I do not think that I have to add to that by pointing out that Labour’s absolute responsibility for the depth of the recession is clear on the record and cannot be escaped by any member of the Labour Party.Johann Lamont says that a monetary union must inevitably carry with it a fiscal union.