Chippy_boy
Well-Known Member
Read this and realise all you have been told is a lie. http://www.taxresearch.org.uk/Blog/...the-biggest-borrowers-over-the-last-70-years/
You honestly believed that? Well you'll believe what you want to believe I guess.
Anyway, thank-you, it was interesting at least. Of course it's utter nonsense, because the analysis completely ignores many important factors, but mainly the state of the economy when coming into office. It's always fucked when the Tories get back *into* power, and then they have to fix it.
To illustrate the point, consider the follow data:
Party A Borrowing
Year 1 £0
Year 2 £10
Year 3 £20
Year 4 £30
Year 5 £40
Total £100
Party B Borrowing
Year 1 £40
Year 2 £35
Year 3 £30
Year 4 £25
Year 5 £15
Total £145
So the conclusion is Party B borrows more. But what it doesn't show is that Party A caused it and Party B tries to put it right.