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 10:32pm

Chadwick wrote:
Mon Oct 28 2019 7:59pm
Boro Boy wrote:
Mon Oct 28 2019 7:21pm
William Joseph1 wrote:
Mon Oct 28 2019 7:15pm
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...

BeautifulSunshine
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Re: Ever increasing debt

Post by BeautifulSunshine » Tue Oct 29 2019 6:53am

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 8:05am

When interest rates are low it makes sense to borrow for necessary infrastructure. Nothing is ever black and white.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

expressman33
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Re: Ever increasing debt

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

Chadwick wrote:
Mon Oct 28 2019 7:59pm
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 9:59am

The increase in 2008-09 is largely due to the rescue package provided for the banking crisis.
Boro Boy wrote:
Mon Oct 28 2019 7:21pm
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 1:29pm

William Joseph1 wrote:
Tue Oct 29 2019 9:59am
The increase in 2008-09 is largely due to the rescue package provided for the banking crisis.
Boro Boy wrote:
Mon Oct 28 2019 7:21pm
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 2:11pm

Boro Boy wrote:
Tue Oct 29 2019 1:29pm
William Joseph1 wrote:
Tue Oct 29 2019 9:59am
The increase in 2008-09 is largely due to the rescue package provided for the banking crisis.
Boro Boy wrote:
Mon Oct 28 2019 7:21pm
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 2:34pm

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 3:12pm

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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