The Labour Government were borrowing money on a massive amount about six years prior to the banking collapse
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rubbish! the labour party really need to debunk this tory myth that labour were borrowing money on a huge scale. don't believe me? check out the FACTS.
http://news.bbc.co.uk/1/hi/business/8636701.stm
As you can see from the table borrowing only increased on a huge scale when brown had to bail the banks. the tories claim that the labour party nearly "bankrupted" the country. Britain was always able to maintain its debt payments and borrow at interest rates at a 300 year low! Fact! The tories claim that we had the biggest debt of any G20 country! this is utterly WRONG! our debt with regards to GDP was 59% the facts are as follows:
USA = 65%
GREECE = 94%
FRANCE = 60%
JAPAN = 104%
PORTUGAL = 62%
Gordon Brown steered us through the deepest recession for eighty years without pushing the national debt anywhere near historical normality, let alone a high. He also managed a recovery without high inflation, high interest rates, or high unemployment. FACT!
Excellent Article...
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posted on 17/12/12
The Labour Government were borrowing money on a massive amount about six years prior to the banking collapse
====
rubbish! the labour party really need to debunk this tory myth that labour were borrowing money on a huge scale. don't believe me? check out the FACTS.
http://news.bbc.co.uk/1/hi/business/8636701.stm
As you can see from the table borrowing only increased on a huge scale when brown had to bail the banks. the tories claim that the labour party nearly "bankrupted" the country. Britain was always able to maintain its debt payments and borrow at interest rates at a 300 year low! Fact! The tories claim that we had the biggest debt of any G20 country! this is utterly WRONG! our debt with regards to GDP was 59% the facts are as follows:
USA = 65%
GREECE = 94%
FRANCE = 60%
JAPAN = 104%
PORTUGAL = 62%
Gordon Brown steered us through the deepest recession for eighty years without pushing the national debt anywhere near historical normality, let alone a high. He also managed a recovery without high inflation, high interest rates, or high unemployment. FACT!
posted on 17/12/12
Wow Joely.... VC well and truly blown out the water
Well done
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