Labour had this country close to being broke, the torys on the other hand have led this country to the best state it's been in for a long time. Plus the reason they got my vote is for the way they are trying to reform the benefits system so it's helps those who truly need it not those who just prefer it.
Apparently labour started the world into a recession by collapsing the Lehman Brothers.
The torys come to power as the world has started to recover from a financial collapse and take all the credit for reducing unemployment etc when it would have happened regardless of what their policies were.
was austerity really needed? is it really needed now? the economy was going to recover as the economy ended either way
It wasn't labours fault they didn't run the country into the ground.
same crap would have happened to anyone in power at that time, it wasn't a collapse only happening in the UK
When charted in pounds sterling, in Chart 4.01, the National Debt looks huge. Looking back over the last century, the debt back in 1900 doesn’t really register.
But by charting debt as a percent of gross domestic product (GDP) in Chart 2, you get a look at government debt compared to the size of the economy at the time.
Chart 4.02 tells, in stark detail, the story of the British Empire. It was built on the National Debt.
That chart goes all the way to 2015 btw
Source
http://www.ukpublicspending.co.uk/debt_brief.php
The real risk from government debt is the burden of interest payments.
Experts say that when interest payments reach about 12% of GDP then a government will likely default on its debt. Chart 5 shows that the UK is a long way from that risk.
Even if labour reduced the debt to 0 during their time.
Would we be any better off? graphs doesnt make it seem that way and it doesn't look like the country would have had much savings before the collapse even if they did anyway so we would essentially be in the same position regardless of their spending?