For once a politician kept their promise.
Blair/Brown ran a surplus in 2004 for which they were roundly criticised by the banks as there were not enough gilts for them to buy. It was the last time the UK saw a surplus on the current account. It is a little known fact but the Tories have (ever since WW2) spent more and borrowed more than the Labour administration they replaced. Osborne/Cameron imposed so called austerity but nevertheless doubled public debt. Much of this spend is corruption with this misspending and theft being the reason Major was knocked out of power.
I don't like the Labour party very much - if at all really - but they generally get the clean-up job if one is fair to them. Like you I had to hold my nose voting for them last time but in the face of the current thieves I saw no option. Hopefully I will not ever have to do that again.