Not by much - but it is in the right direction - and across most sectors.

Just think what we will achieve without Labour's debt !

Anyone see Ed Balls-Up on Newsnight?

Gone was the smirk / gone was the grin.

He looked embarrassed as he was ridiculed over his long-term claims (none of which have materialised).

www.dailymail.co.uk/news/article-2378553...ora-Persil-boss.html

www.dailymail.co.uk/news/article-2378361...lition-Election.html

In The Know wrote:
Not by much - but it is in the right direction - and across most sectors.

Just think what we will achieve without Labour's debt !

and just imagine if every Brit decided not to have debt

hedda wrote:
and just imagine if every Brit decided not to have debt

There are TWO types of debt, hedda !

Controlled debt - which you can easily pay back IF you need to, and
Labour debt - where you borrow beyond your wildest ability to ever pay back !

Pattaya wrote:
www.dailymail.co.uk/news/article-2378361...lition-Election.html

It WON'T be up to the Liberals, Pattaya, to decide who they "are in Coalition" with.

As the Tories will be the largest party THEY will decide who, if anyone, to get into bed with !

In The Know wrote:
Not by much - but it is in the right direction - and across most sectors.

Just think what we will achieve without Labour's debt !

the economy

We're actually poorer than we were when this government came to power and getting poorer all the time. Food inflation has gone up dramatically, wages have stagnated, we pay 5% more VAT than we did in 2010, underemployment has increased and job security has decreased.

The only good things that this government has done is increase the lower tax threashold ( a lib dem policy) to £10,000, and increase pensions.

In The Know wrote:
Pattaya wrote:
www.dailymail.co.uk/news/article-2378361...lition-Election.html

It WON'T be up to the Liberals, Pattaya, to decide who they "are in Coalition" with.

As the Tories will be the largest party THEY will decide who, if anyone, to get into bed with !

I'm more worried who you're getting into bed with ITK!

In The Know wrote:
if anyone !

Current independent prediction.

Lib + Lab - 57%

robbiex wrote:

We're actually poorer than we were when this government came to power and getting poorer all the time. Food inflation has gone up dramatically, wages have stagnated, we pay 5% more VAT than we did in 2010, underemployment has increased and job security has decreased.

The only good things that this government has done is increase the lower tax threashold ( a lib dem policy) to £10,000, and increase pensions.

Oh, dear me ... of course we are poorer - We are STILL paying off the debt that Labour left us !

The rate at which we can pay this off has slowed (because the economy has slowed and their is a recession in our largest customer, Europe).

WHEN we have cleared the debt we will ALL be better off (unless someone let's Labour rip again with a credit card !)

There'll be no answer, by ITK, to this question.

Why has the national debt now risen to £1,400b?

It was £760b in 2010, then the Tories came in.




'LOL'

Ben 7 wrote:
the national debt now risen to £1,400b - was £760b in 2010



Correct, a massive rise in only three years...and the budget deficit is over £120b a year

Debt would obviously rise during recession - unemployment and low profits means less tax receipts, more benefits and generally governments spending more than they receive.
I wonder how much the debt would be if the last Government was still in power??

Foz wrote:
Debt would obviously rise during recession - unemployment and low profits means less tax receipts, more benefits and generally governments spending more than they receive.
I wonder how much the debt would be if the last Government was still in power??

The answer to your question will never be known and your points are largely accurate.

However the sign of good governance, during a recession, is to attempt to reduce costs/expenditure - in line with a smaller income.

Under the Tories, in only three years, the national debt has almost doubled (as previously indicated). Such a huge rise has never taken place before in peace time, in such a short time.

Currently, the two biggest budgets the UK has (by far) are Pensions; £140b and Health Care; £125b.

Undoubtedly, these figures must be cut drastically - but the party that does so will quickly become unelectable...

A vicious circle.

Ben 6 wrote:
- but the party that does so will quickly become unelectable...



Not if the government was a Labour/Conservative Coalition

Such partnerships worked well in both world wars

Foz wrote:
Debt would obviously rise during recession - unemployment and low profits means less tax receipts, more benefits and generally governments spending more than they receive.
I wonder how much the debt would be if the last Government was still in power??

Quite correct, Foz - glad someone on this board understands economics !

The important thing to remember is that as we are reducing (not fast enough !) the drain on resources of those who are claiming but not entitled, we will be a stronger leaner machine when the economy turns round.

With Labour still in power we would be borrowing to pay the interest on the borrowing (its called Balls-law !) ... except that we wouldn't; the money lenders would have cut-off our money supply by now and we would be in the same position as Eire, Greece, Portugal etc - no money (and certainly no money to pay the scroungers !)

The Labour folks are too thick to understand that .........

White Badger wrote:

Not if the government was a Labour/Conservative Coalition

Such partnerships worked well in both world wars

... so well that Churchill was kicked out as soon as the war was over !!!

In The Know wrote:
White Badger wrote:

Not if the government was a Labour/Conservative Coalition

Such partnerships worked well in both world wars

... so well that Churchill was kicked out as soon as the war was over


So well that both wars were won