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Re: Starmer’s chronicles
Quote:
Originally Posted by nomadking
That is because GDP was going up, because the housing bubble was about to burst.
The average deficit for the 6 years prior to 2008, was £42bn(total of £254bn).
Debt as a % of GDP, went from 27% for 2001/02 to 34% for 2007/08.It was also 34% for 1998/99, but the total debt was £194.6bn lower.
Without the post-2010 reduction in the deficit, there wouldn't have been the money available for covid, energy costs, and cost of living.
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Ah, back to your old tendency to Gish gallop, I see…
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