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You need to see the figures of the galloping debt during the Labour stewardship and you might change your mind.William Joseph1 wrote: ↑Mon Oct 28 2019 7:15pmNB: Since 2010 when the Cons. took power from the Labour Party.
...agreed, it only slowed to rate of growth of the debt down; we still need to tackle to debt itself.
Not necessary, I am commenting purely on the facts that you have laid before us.Boro Boy wrote: ↑Mon Oct 28 2019 7:21pmYou need to see the figures of the galloping debt during the Labour stewardship and you might change your mind.William Joseph1 wrote: ↑Mon Oct 28 2019 7:15pmNB: Since 2010 when the Cons. took power from the Labour Party.
https://en.wikipedia.org/wiki/United_Ki ... ional_debtApproximately a third of this debt is owned by the British government due to the Bank of England's quantitative easing programme, so approximately 1/3 of the cost of servicing the debt is paid by the government to itself, reducing the annual servicing cost to approximately £30 billion (approx 2% of GDP, approx 5% of UK government tax income).
That was neither said or suggested. The OP is talking about the rise in National Debt since 2010. That is all I was commenting on.kevinchess1 wrote: ↑Mon Oct 28 2019 7:38pmDo you believe that a Labour government will reduce the National debt?
Have you got the figures for the pre-2010 Labour period?Boro Boy wrote: ↑Mon Oct 28 2019 7:21pmYou need to see the figures of the galloping debt during the Labour stewardship and you might change your mind.William Joseph1 wrote: ↑Mon Oct 28 2019 7:15pmNB: Since 2010 when the Cons. took power from the Labour Party.
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...!
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