| Topic: | Re:Re:Re:Re:Re:National Debt | |
| Posted by: | Tom Pike | |
| Date/Time: | 18/05/07 18:49:00 |
| I'm not sure what your profession is, David, but I doubt it's trained economist either. The National Debt is low by both historical and international standards. It fell from over 250% of GDP at the end of the Second World War under both Labour and Conservative governments. It's first appreciable increase was in the early nineties. The overall change over the last ten years has been a reduction of the national debt from 44% to 38% of GDP. So, if anything, Labour, has sorted out the minor mess they inherited. We now have the second lowest debt per GDP of the G8 - Russia has a surprisingly low estimated 8%. You're on very shaky ground if you're trying to spin against Brown here. |