Quote:
Originally Posted by jfman
Have they brought down the national debt? No. Are we still running a defect? Yes.
The national debt has never been higher than it’s current position, and the Brexit mess isn’t helping.
So the Tories have not achieved either objective. Austerity is “coming to an end” because in 2017 the Tories got slaughtered on the doorsteps finding people were more concerned about public services and living standards falling.
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Are you suggesting that spending should have been turned off so completely, that overnight there was no deficit?
Labour added around £200bn of debt
before the crash, and over £270bn in the 2 years afterwards. That's without PFI and without the banking system.
Welfare spending alone rose by more than 33%(£20bn) between 2002 and 2006.
That is the central problem, you cannot turn off that sort of spending overnight. The impact carries on for years.