But we've also benefitted quite a bit from EU cash, 2008 being one example. Whether it's spent wisely by councils is another matter......I think that what really hurt Liverpool was being on the wrong side of the country when we joined the EU. Not sure in what way you mean the city was decimated by the Cons'.
Also, the city was done over by the Tories, massively. There were quotes from Thatcher endorsing a 'managed decline' of the city.