Ever increasing debt

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Boro Boy
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Re: Ever increasing debt

Post by Boro Boy » Mon Oct 28, 2019 10:32 pm

Chadwick wrote:
Mon Oct 28, 2019 7:59 pm
Boro Boy wrote:
Mon Oct 28, 2019 7:21 pm
William Joseph1 wrote:
Mon Oct 28, 2019 7:15 pm
NB: Since 2010 when the Cons. took power from the Labour Party.
You need to see the figures of the galloping debt during the Labour stewardship and you might change your mind.

Debt is so large in recent times that no Government (whatever the colour) could tackle it with the normal approaches used by those in the past; something much more that austerity needs to be done not just to slow down the rate of growth of the National Debt but to send it into reverse...!
Have you got the figures for the pre-2010 Labour period?
I found the above figures here: https://www.ons.gov.uk/economy/governme ... /march2019

Dig around in the Office of National Statistics, you can find everything you require there...

AAAlphaThunder
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Re: Ever increasing debt

Post by AAAlphaThunder » Tue Oct 29, 2019 6:53 am

I'm sure it's going to be leading to a rise in taxes sooner or later.
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blythburgh
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Re: Ever increasing debt

Post by blythburgh » Tue Oct 29, 2019 8:05 am

When interest rates are low it makes sense to borrow for necessary infrastructure. Nothing is ever black and white.
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expressman33
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Re: Ever increasing debt

Post by expressman33 » Tue Oct 29, 2019 9:53 am

Chadwick wrote:
Mon Oct 28, 2019 7:59 pm
Have you got the figures for the pre-2010 Labour period?
https://www.ukpublicspending.co.uk/uk_n ... t_analysis

https://en.wikipedia.org/wiki/United_Ki ... _ratio.png

Image
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Richard Frost
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Re: Ever increasing debt

Post by Richard Frost » Tue Oct 29, 2019 9:59 am

The increase in 2008-09 is largely due to the rescue package provided for the banking crisis.
Boro Boy wrote:
Mon Oct 28, 2019 7:21 pm
You need to see the figures of the galloping debt during the Labour stewardship and you might change your mind.
Apart from the above I do not see any horses galloping here.

Boro Boy
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Re: Ever increasing debt

Post by Boro Boy » Tue Oct 29, 2019 1:29 pm

William Joseph1 wrote:
Tue Oct 29, 2019 9:59 am
The increase in 2008-09 is largely due to the rescue package provided for the banking crisis.
Boro Boy wrote:
Mon Oct 28, 2019 7:21 pm
You need to see the figures of the galloping debt during the Labour stewardship and you might change your mind.
Apart from the above I do not see any horses galloping here.
Perhaps you need to see the actual debt figures rather than the % of GDP which is a % of a moving target.

Chadwick
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Re: Ever increasing debt

Post by Chadwick » Tue Oct 29, 2019 2:11 pm

Boro Boy wrote:
Tue Oct 29, 2019 1:29 pm
William Joseph1 wrote:
Tue Oct 29, 2019 9:59 am
The increase in 2008-09 is largely due to the rescue package provided for the banking crisis.
Boro Boy wrote:
Mon Oct 28, 2019 7:21 pm
You need to see the figures of the galloping debt during the Labour stewardship and you might change your mind.
Apart from the above I do not see any horses galloping here.
Perhaps you need to see the actual debt figures rather than the % of GDP which is a % of a moving target.
The actual £ will always go up due to inflation. You will need to adjust for inflation to get any kind of comparable statistics. Or use the % of GDP, which is a better guide to the balance of debt and money being made.
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Re: Ever increasing debt

Post by kevinchess1 » Tue Oct 29, 2019 2:34 pm

From what I’ve read, none of the parties are talking about ‘Cutting back’ if elected
So The debt will just keep growing
Politically incorrect since 69

Derbiean
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Re: Ever increasing debt

Post by Derbiean » Tue Oct 29, 2019 3:12 pm

So all the people who died due to the austerity measures died for nothing big round of applause for the economic masters (tories) and the opportunistic minions who let them in (lib dems).

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