Even if it's not true, it's telling that it's so believable.
According to David Laws (the new Chief Secretary to the Treasury), the handover letter left for him by his predecessor Liam Byrne simply read:
"There's no money left."
Well, he was right but it's a pity he either wouldn't or couldn't be so honest and upfront about the fiscal crisis when he was actually in Government.
This does at least offer an opportunity for the new Government to make some much-need money - I'm sure a "There's no money left" poster would sell pretty well.