“Also, whilst they may have under-funded in certain aspects of the economy that this was because they only spent what was affordable without borrowing billions to do it? ”
You make it sound like the current government debt started 13 years ago and Labour’s been adding to it ever since. This is a new government debt, the country was doing well until the credit crunch/recession and the extra money was going into services rather than tax breaks for the rich. 13 years of Labour government investment was not on the back of government borrowing, the current borrowing requirements are a direct result of the banks greed and stupidity!
I find it interesting that the current Tory campaign posters state the gap between the rich and the poor has widened under 13 years of Labour.
Lets assume that’s true. Since we now have a national minimum wage and there’s tax credits to top up low wages, what’s also true is the poor are not as poor as they used to be. This tells me the poor have done well under Labour, but the rich have done even better hence the widening gap. Would you disagree with this argument?
The economy was run quite well for business, we are one of the top countries for attracting foreign investment which is how a lot of jobs are created in the private sector. Look at our financial sector, yes it caused the mess we are in now, but it’s also a major part of our economy, more than it was under the Conservatives. If Britain was such a terrible place for business we wouldn’t see such a strong financial sector. Money would be moving out of London and it hasn’t.
David
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