Originally Posted by Ignitionnet

The structural deficit was caused by Labour overspending on the assumption the public and private debt fuelled bubble that ended with the crash would continue forever.

Wish you'd think instead of parroting left wing party propaganda about how it's all the bankers' fault and nothing at all to do with spending taxpayers' money like it was going out of fashion on expanding the public sector, and using debt fuelled tax receipts along with sovereign debt to do it.



That's even taking account of the economic cycle being variable depending on needs.

Still if you'd like to come up with some facts to demonstrate that it's all down to the bankers please feel free. Partly for sure, entirely no chance.