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**Chris** · 03-07-2019, 14:48

True, except the incoming Labour government in 1997 committed to sticking to Tory spending plans until 1999. You’ll see on your graph that those Tory spending plans significantly reduced the net debt, right up to the point when Gordon Brown abandoned them. From 1999 until the crash, when a Labour chancellor pursued a Labour economic policy, it increased year on year. It is this year on year increase, at a time when the economy was booming and conventional wisdom said the chancellor should have continued to pay down the debt, not increase it, that Labour was rightly pilloried for in the 2010 election campaign.

03-07-2019, 14:48	#579
Chris Trollsplatter Cable Forum Team Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 36,928	Re: Leadership who is the next PM? True, except the incoming Labour government in 1997 committed to sticking to Tory spending plans until 1999. You’ll see on your graph that those Tory spending plans significantly reduced the net debt, right up to the point when Gordon Brown abandoned them. From 1999 until the crash, when a Labour chancellor pursued a Labour economic policy, it increased year on year. It is this year on year increase, at a time when the economy was booming and conventional wisdom said the chancellor should have continued to pay down the debt, not increase it, that Labour was rightly pilloried for in the 2010 election campaign.