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TOPIC: National Debt - End of July
#101157
Ben 11

National Debt - End of July 11 Years, 10 Months ago  
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.


 
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#101180
White Badger

Re:National Debt - End of July 11 Years, 10 Months ago  
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
 
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