Quote:
Originally Posted by Osem
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.
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Doesn't answer my question as to, if borrowing rose because of the banking crisis in 2008, why did the public debt start rising 8 YEARS BEFORE that? Your reasoning that Gordon Brown was "busy spending all the tax revenues they were generating" doesn't explain increases in borrowing. If there were increased tax revenues then no need for increases in borrowing.