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Topic History of: National Debt - End of July
Max. showing the last 5 posts - (Last post first)

Author	Message
White Badger	Yes this looks and is awful - but maybe the perception/quest of/for popularity is more important? So many refuse to look at the facts. The Tories predicted a budget surplus of £2.5b for July, just gone: They had a deficit of £62m! And the National Debt has increased by 50% in three years - unprecedented. Many people (on this site and elsewhere) just ignore the reality. the reality - statistics published by the incumbent goverment
Ben 11	ONS/OBR figures today show the debt at £1,120b or 74.5% of GDP! Famously predicted by Osborne, three years ago, to be over 4% less by now - 70.3%. GO is highly unlikely 'to balance the books by 2015' - as the debt is clearly rising fast: It has now increased by nearly 50% since the Tories came in, in 2010 - just three years ago!!! Tax rises seem imminent and inevitable - as the Tories have now played all their cards. Badly.