On 24/07/2018 17:38, bert wrote:
In article , "Dave Plowman (News)"
writes
In article ,
Â* Andrew wrote:
1. Massive, year on year increases in the national debt, which by
2010 was increasing by £150 billion per year. That's the entire
cost of the 'free' NHS and the 'free' education system being
*borrowed* every year.

Tees hee. Now look at the national debt since your pals the tories gained
power.

Of course, because of the massive budget deficit they inherited.

Not that old chestnut! Until 2007 Camoron said he would match Broon's
spending plans as well as proposing tax cuts. The Tories also wanted
greater deregulation of banks too.

I might suggest you rejoice it was Labour in Power, otherwise the
ConDem' would have inherited an even bigger mess.

First
thing get the deficit under control and budget back into surplus. Then
you can start reducing debt. Unfortunately there are no quick fixes for
this scale of problem at least not without real austerity of the kind
visited on the Greeks by the EU.

Yes, it's a really smart approach for Greece, less so for Germany.
German tax payers pay for Greece's austerity.

https://en.wikipedia.org/wiki/List_o...e_to_GDP_ratio