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

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 thoughts on “Have the Tories nearly TRIPLED the UK’s national debt?

  1. NMac

    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. rollo57

    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.

  3. PJB

    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?

    1. Mike Sivier Post author

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

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