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Interestingly, every Lab government has left office with lower national debt than when it came to power.
The idea that Lab govts ‘tax and spend’ is another carefully crafted #ToryLie pushed out by the right wing client MSM.
The Tories are useless at economics.
The idea that Lab govts ‘tax and spend’ is another carefully crafted #ToryLie pushed out by the right wing client MSM.
The Tories are useless at economics.
Before the US sub-prime triggered banking crises (yes, Tories tried to blame Lab for that as well), UK national debt was below £500 billion - so about 20% of what it is now. AFTER bailing the banks out it rose to £750 billion. All quite manageable and internationally
respected position. After the crash and interest rate collapse, economists were at pains to make the point that the correct response to a deeply contracted economy was a sustained fiscal stimulus ie a Keynesian response. Cameron did exactly the opposite. The Tories slashed
