LapdanceShoeshine
Are you serious, accusing the Conservatives of increasing the UK national debt, after what they INHERITED?
I reiterate earlier points I made; the Conservatives looking to get the UK annual finances in order, in 1997 left Labour £400 billion of National Debt, and had budgeted the UK’ finances to go into a annual tax receipt/spending SURPLUS by 2001, which it did.
In 2010 Labour passed to the Conservatives £1 trillion of National Debt, the Public Sector budgets stuffed with £222 billion of badly negotiated Public Finance Initiative debt – and a Labour projected ANNUAL budget overspend of £167 billion – due to the ‘fixed costs’ of their much enlarged State, made worse by their recession that saw over 5% of GDP/output LOST, they never got back.
That Labour 2010 projected budget deficit/overspend of £167 billion came in under the Coalition, as a £153 billion overspend, resulting as every annual deficit will do, INCREASING the National Debt figure by the deficit amount - PLUS the annual interest it costs UK taxpayers to pay the interest to government bond holders, funding our national debt, £46 billion THIS year.
Question; who wanted the Conservatives to annually cut the £153 billion annual overspend Labour in 2010 left ingrained into public spending from 2011, or even half that figure?
As to blame the Conservative for not slashing public spending that severely from Year One, and so increasing National Debt annually by each years deficit – especially while politically OPPOSING every cut in government spending Tory ideological ‘austerity’ – is socialist party hypocrisy, in the extreme.
From 2010 that government had to LOWER the annual budget deficit, address departmental spending problems, and gives decent tax breaks to companies and citizens to both lift us out of recession and help with the fall in real earnings – which had a to be a priorities balancing act, but would have slowed down the deficit reduction – but far more effective than Labour’s planed post 2010 strategy, of RAISING taxes on those who had received NO GOVERNMENT HELP, from 2008 to May 2010.