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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They cut the deficit, not the debt. The debt kept going up, mainlydue to the cost of servicing the debt.
Basically the interest payments keep pushing up the borrowing.