Quote:
Originally Posted by alanbjames
If the Tories were so good at making cuts to pay off the deficit why are we now borrowing more than when Labour was in power?
That was all Osbournes doing, phaps he needs lessons in Maths.
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Economics trails politics by some time and to be fair to any chancellor he can't control what happens elsewhere in the world or even in their own country. Demand/supply/costs all can change and adversely affect budgeting. And the other side will not always act in ways to assist.
All said though Labour does tend to spend and Tories save so it's not unusual for Tories to bring in "tough" cuts and for Labour to reverse them.