NotoriousREV wrote: Wed Nov 27, 2019 11:21 am
Simon wrote: Wed Nov 27, 2019 11:14 am
NotoriousREV wrote: Wed Nov 27, 2019 11:11 am
Not true. If you look at the actual data, there's next to no difference between the Conservatives and Labour in debt vs spending. In fact, Labour have a record of paying down more debt and doing it faster than the Tories. It's a complete myth that Labour go on a spending spree and the Conservatives are frugal.
Sure, let's have a look at the data used to make your claim please?
And secondly, if you take both manifestos at their word, then by Labours own volition they're gonna increase borrowing massively to pay for their 'free everything' plan.
Knock yourself out:
http://www.primeeconomics.org/articles/ ... of-labours
Thanks, and thanks for confirming what I'd suspected.
Essentially, yes, the
debt is higher under the Conservatives, but in each case that's only because each Labour administration runs up a large
deficit that the Conservatives then have to reduce again. I've seen McDonald and Corbyn make the same claims in the HoC. Those claims don't stand up to scrutiny.
In general, Labour inherit a good or improving economy and proceed to spend and run up a deficit.
In general, Conservatives inherit a large annual deficit then that adds to the debt as years go on.
Oh, and all this time the Conservatives then cop the blame for trying to reduce spending (debt) and balance the books again.
Do you have data that shows that at the end of their respective terms that the
annual deficit for Labour is smaller than the Conservatives, on average?