Quote:
Originally Posted by nomadking
 If that is the case, why did debt start rising in 2001/02? Did the banking crisis start back then?
Labour increased the debt from £316bn in 2000/01 to £1,101bn in 2010/11. That's a trebling of debt.
Public sector borrowing was slightly less in 2013/14(98.5bn) than in 2008/09(100.8bn).
As the table I found says:- |
You forgot to remind this guy who knighted Sir Fred Goodwin so I'll do it for you. It was Gordon Brown and Labour who feted and rewarded the bankers during the time all this was going on. He was so busy spending all the tax revenues they were generating that he didn't want to know what was underpinning it all. If anyone's to blame for their excesses and lack of accountability it's them, not those who've had to pick up the pieces.