Originally Posted by nomadking

The annual overspending by Labour couldn't be stopped completely overnight. Do you massively reduce tax credits overnight? That massive pre-crash spending cannot be denied. Some of the adjustments didn't start until 2013, and then it wasn't an overnight change for everybody. It took time for people to be subject to any new rules. With HB, the damage had been done, All that could be done is to limit further big increases in rents, that Labour's LHA rules had allowed. Then PFI repayments also started to kick in, adding to costs.


The deficit has gone down consistently since 2010, whereas it consistently went up from 2001 until 2010.