Quote:
Originally Posted by Horace
If it was too high under labour it was even worse under the Conservatives.
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Measuring things as a % of GDP is very misleading, as when GDP is high any measure looks artificially low. When GDP is high, borrowing should be negative(ie paying back loans) as in IIRC Jan 97, paying back £8billion. If you don't, when exactly are you intending to pay off the debt?