Thread: Election 2019, Week 1
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Old 03-11-2019, 18:19   #183
jfman
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Re: Election 2019, Week 1
Quote:
Originally Posted by nomadking View Post
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.
It’s been nearly ten years. By that rationale everything that happened in the period you describe is a hangover for the Major years. Which, as you know, is an utterly ridiculous notion.
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