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Can anyone explain just how much austerity will be needed to stop the coalition’s rise in debt to GDP figure?
They’ve put the Labour government to shame with their incompetence. See graph.
I have to agree with both of you. It did rocket up under Labour but we had to get the banker's ransom money somewhere. It was that or else we'd all be riding about on donkeys today and or worse still, possibly hunting each other for food after the complete collapse of the capitalist financial system we all swear by !! 'Luckily' for us Gordon Brown saved our world and now we've got to pay back the borrowed ransom money somehow although I'd sooner make the bankers give it back to us.
1 Answer
- PaineLv 66 years ago
Unfortunately more austerity than any government has the guts to carry out. It beggars belief that people think it is ok for a country to operate in deficit and do nothing about it. As for your graph, the ratio rockets under Labour's watch (large gradient/rate of change) and is coming under control with the coalition.
