Labour 's Liam Byrne left a memo for the incoming Coalition government . The letter , left on Mr Byrne 's desk , read : ' I 'm afraid there is no money ' Labour Secretary Danny Alexander has finally responded to the note . Mr Alexander wrote : 'Sorry for the late reply , I 've been fixing the economy '
Labour 's Liam Byrne left a memo for the incoming Coalition government . The letter , left on Mr Byrne 's desk , read : ' I 'm afraid there is no money ' Treasury Secretary Danny Alexander has finally responded to the note . Mr Alexander wrote : 'Sorry for the late reply , I 've been fixing the economy '