Ed Balls again

[vetran]

As a proportion of government expenditure, 9% of Gordon Brown's first budget was spent on servicing the Major debt.

As a proportion of government expenditure, 7% of George Osborne's first budget was spent on servicing the Brown debt.

Government expenditure prior to the banking crisis was being reduced, and if you look at the data in the BoE Financial Stability Report from July 2012, it shows that the Labour governments ran surpluses in the early years, deficits in 2002/03 and that in the final years before the banking crisis, the deficit was reasonably small - particularly compared to 1992-94





(Larger picture for the last one)

1992 when we joined the ERM? Didn't gobsh1te vote for that as well?

[minestrone]

Prior to bailing out the banks, how did the Labour expenditure compare to the Conservative government under John Major?

The deficit under Major was during a downturn, the deficit during labours time was during about the best economic spell since the war.

I am sure Major's government left office with the lowest public sector spend since the war, labour changed that and when they did hit a down turn after running deficit in good times we seen the debt rocket. The debt is their problem and their fault.

[DirtyDog]

By selling all our gold at bargain basement prices

So, you don't think that the government should have repaid the debts run up by the Conservatives?

[minestrone]

And the first 3(?) years of the Labour government was using the conservative's economic plan.

[The Spartan]

Isn't it all rather irrelevant now? It's what happens now and in the future that will decide how the country and it populous fair

[fullyautomatix]

So, you don't think that the government should have repaid the debts run up by the Conservatives?

How much was the debt and how much was re paid ?

[minestrone]

Ed is squirming on TV trying to make out today's figures are tulipe.

[vetran]

Isn't it all rather irrelevant now? It's what happens now and in the future that will decide how the country and it populous fair

as far as political parties go past performance seems to be a good indicator for the future.

Labour spend it all, tories bring us back in the black and then Labour start again.

[fullyautomatix]

as far as political parties go past performance seems to be a good indicator for the future.

Labour spend it all, tories bring us back in the black and then Labour start again.

Isnt the Labour party itself bankrupt ? They cannot even manage their own party finances.

The strategy of Labour is quite clear, create a core vote bank consisting of dimwits like DirtyDog and then borrow billions and spend on that vote bank. Those dim wits will keep voting them back to power and the cycle goes on.

[zoco]

Isnt the Labour party itself bankrupt ? They cannot even manage their own party finances.

The strategy of Labour is quite clear, create a core vote bank consisting of dimwits like DirtyDog and then borrow billions and spend on that vote bank. Those dim wits will keep voting them back to power and the cycle goes on.

Complete rubbish. Totally disagree.