Have the Tories nearly TRIPLED the UK’s national debt?

Last Updated: January 27, 2017By

Small change: That’s more than Tory financial promises are worth.

This is worrying. After all, when the debt was at £700 billion it was a national crisis and only the Tories could balance the books! Remember that, from 2010?

If anybody has corroborative evidence, I’d like to see it. In the meantime, here’s Marcus:

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10 Comments

  1. NMac January 27, 2017 at 9:21 am - Reply

    This has always been the case. The problem is that our right-wing media don’t give any publicity to the fact that the Tories have almost tripled the national debt.

  2. casalealex January 27, 2017 at 10:45 am - Reply

    http://www.nationaldebtclock.co.uk/

    The UK national debt grows at a rate of £5,170 per second!

  3. casalealex January 27, 2017 at 10:48 am - Reply

    https://www.theguardian.com/business/2016/aug/25/how-worried-should-we-be-about-national-debt-uk-us-fiscal-austerity

    How worried should we be about national debt?
    Robert Skidelsky

    The argument for fiscal austerity, coupled with concerns about budget deficits in the UK and US, is gaining traction, but invalid

  4. Ian Jd Andrews January 27, 2017 at 12:35 pm - Reply

    if this is accurate an reliable – here is your evidence … http://www.nationaldebtclock.co.uk/

  5. Phil Cowie January 27, 2017 at 12:57 pm - Reply

    Not so much corroborative evidence of the Tory strategy in 2010. A very interesting read regarding Tory borrowing in general though…. http://www.taxresearch.org.uk/Blog/2016/03/13/the-conservatives-have-been-the-biggest-borrowers-over-the-last-70-years/

  6. gordon powrie January 27, 2017 at 2:17 pm - Reply

    Well, all the while they run a deficit, the debt must increase.

  7. rollo57 January 27, 2017 at 5:31 pm - Reply

    It appears each Government have to double the last?
    Labour inherited a national debt in 1997 of £325bn, when they left in 2010 it was at £790bn. To be fair, Labour were keeping the Debt down, before the bank crash. http://www.economicshelp.org/blog/7568/debt/government-debt-under-labour-1997-2010/
    Within four years the Tories had doubled that to £1,490bn [£1.4tr] It just keeps going up, but where do we borrow it from?
    Fresh Air, banks create money from Fresh-Air every time they make a loan, this is then added to our GDP. [See the scam yet?] We rely on Debt, for Growth, this is why we need immigrants, as we have 20m Economically In-Active [can’t get a loan] ONS figures. Every time a loan is paid back, that money is destroyed, no longer in the Economy, so we must create more. Perpetual Debt.

  8. PJB January 27, 2017 at 10:41 pm - Reply

    Yes they are and what I would like to know, is where have all the £Billions that have been taken off council budgets, police, army, hospitals, schools. I think the and all the things that they were going to give to Dementia research?

    • Mike Sivier January 28, 2017 at 5:16 pm - Reply

      That money has gone back into the pockets of the very rich in the form of tax cuts.

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