After hearing about the actions of a couple in Rugeley, Staffordshire who successfully challenged their credit agreements to have nearly £100,000 written off their £120,000 debts, Gordon Brown instructed Alistair Darling to investigate their terms with Britain's creditors.
Darling returned with the news that the credit agreement with the USA was "full of holes" whilst the agreement that pumped up the UK treasury to the tune of £600billion was in fact, not signed by the CEO of the World Bank, and thus null and void.
"Yesterday," Darling told a mess of press outside 11 Downing Street, "the UK was in debt to the tune of 670 billion pounds. Today, we owe nothing. This has enabled us to cut VAT to 5% and give everybody an extra day's holiday this year. State Pensions can be funded again, whilst the NHS can now afford any drug it wants! This will be the best budget ever!"
There was massed applause from the half a dozen reporters present, and a huge cheer echoed around London. The on duty police officers hefted Darling onto their shoulders and carried him around whilst singing "For He's A Jolly Good Fellow" (to the tune of For he's a jolly good fellow).
Darling was said, later, to be very upset to discover that it had all been a dream...