« George Osborne's biggest Budget-day decision – he's joined Twitter | Main | How Andrew Griffiths helped to cut beer duty »

Let's not forget that debt rose under Labour BEFORE the financial crisis struck

By Tim Montgomerie
Follow Tim on Twitter

Balls Spender

Tobias Ellwood MP to Ed Balls during yesterday's Budget debate (my emphasis):

"When the right hon. Gentleman was in office, the UK debt was £347 billion. Before the crisis struck, it rose to £624 billion. After the crisis it ratcheted up another £200 billion."

You'll find no defence from me for the Coalition's inadequate deficit reduction strategy (see yesterday) but let's never forget that Labour increased debt in good economic times.

Comments

You must be logged in using Intense Debate, Wordpress, Twitter or Facebook to comment.