Brown's "debt reduction" in full...

Richard

Peter now put up the tory chart.....oh sorry you can't because you dont have one they wont tell you the figures.....oh well thats another non story then.

Bill Kristol-Balls

Didn't the Tories sign up to Labour spending pledges when Mr Cameron was in his 'bring me sunshine' phase?

Government by hindsight, change you can believe in.

Tom Pride

Peter

Can you help me out here:

Red Book page 189, Table C3

Public Sector Net Debt at March 09 - 617.0 billion
Public Sector Net Debt at March 15 - 1406 billion

Increase March 2009 to March 2015 is 789 Billion

Annual increases in net borrowing shown for 09/10 to 14/15
are 166.5 : 163 : 131 : 110 : 89 : 74
Thus these total for the same six year period of 733.5

What is causing this 55.5 billion hole (understatement in annual net borrowing) I.E between the 789 and 733.5 billion?

Using the PSNB annual March balances from the table, the annual net borrowings for 09/10 to 14/15 are:

159.6 : 175.4 : 143 : 123 : 102 : 86 (total 789 billion)

David

You think that Brown and Darling have given the Tories the figures they'd need to produce such a graph. You seem to be under the misaprehension that the government is honest and up front about all things financial. We don't know the half of it.

Peter From Maidstone

Richard, how is it a non-story? THIS is where the Labour Givernment has brought us. THIS is the story. You can't spin it so that it becomes a Conservative failure.

Tom Pride

Oh Richard!

For goodness sake think before you write. These are not Labour numbers, prepared by the Labour Party to be contrasted with Tory numbers. These are Government numbers prepared by the Treasury with all the resources of that department.

An Opposition cannot produce this sort of work. Just have a peek at the Red Book to give yourself some understanding.

Barry

Tom Pride,

The difference *could* be interest on the ever expanding debt. The annual overspend wouldn't factor that in but the total would.

nick

Halve the deficit.

170 / 2 = 85 billion a year.

600 billion extra borrowing = 45 billion in extra debt payments.

Total tax rises or cuts = 130 billion a year.

The public should be told of Labour's plan

Tom Pride

Deficit – Amount by which esp. sum of money is to small; excess of liabilities over assets.

I.E. the second meaning includes “net debt”

Public sector net debt March:
2009 617 billion
2010 776.6 billion
2011 952 billion
2012 1095 billion
2013 1218 billion

To the Labour spin “cutting the deficit in half in four years” , the response must be:

“doubling the deficit in four years”.

Shout it from the rooftops.

Richard

@Tom Pride,
I suppose thes figures are from Matalan?

Now as Peter can't balance the figures to show the contrast the voters would have if Tory policies had or were or even would be followed, perhaps you can enlighten us for the purpose of fairness?
Why would I need to look at the red book?
Its gobbledegook.
What I know is that I am actually better off now than I was two years ago. I am fortunate I have a safe job, own my own home and a good living wage. OK I might have to pay a bit more in the next few years but I won't starve I will enjoy my holidays and my children will grow up and bring much joy to my life I am sure.
So all your doom and gloom....the fires of hell and all that mean nothing to me.
Unlike a lot of tories I have lived within my means not borrowed to the hilt to finance a buy to let in Finchley and I have a good pension plan and savings.
This is reality for many ordinary people who were not greedy and have been prudent.
Sorry your leader doesn't scare me with his armagedon and doom mongering. I have much to be thankful for and one of them was to lived under a labour governement for the last 13 years......I want it to continue.

Chuck Unsworth

Any chance of Richard reading the Red Book?

Any chance of Richard being able to understand any of it?

Richard

@Chuck
Sorry old boy but I have read enough in my life already.....Gray's anatomy is enough for anyone. Wasn't the red book a communist manual?

The Bellman

@Richard: Congratulations on making the right decisions. Even so, *you* made those decisions: you do not owe your prosperity to a Labour government. They would have been sensible decisions whoever was in office. In fact, you have achieved your secure position *in spite of* the loose fiscal policy and low interests rates of the party you lionise. My guess is that it was not 'Tories' who borrowed more than they could afford, but ordinary men and women hoodwinked by the hubris of The Dear Leader into thinking houses would only ever increase in value, that a 'university' education was a good in itself, that buying a new car on tick was 'investing,' that we could all make money by sitting around in t-shirts playing X Box games and eating Ben & Jerry's.

It will be not only you but your children who are worse off as a result of the recklessness and hubris of Bruin. If you are genuinely blase about that, I deduce that either you in fact have no children and are fantasising about your circumstances to make a cack-handed political point - or your apathy about their future prospects borders on callous.

And, although I wish sincerely for your family's prosperity to continue, I cannot help but feel rather sorry for children whose father has such a poor grasp of grammar, spelling, economics and history, and such a willingness to abdicate to the state the responsibility for his decisions.

Logz

Richard - public sector worker??

Stevie

Oh Richard, you are a card. Do you think your little fibs fool anyone, you were sussed as a paid Nulabour blogger long ago.

Nicholas

I'm pondering how Richard's smug and self-satisfied post about his "wonderful" public sector life under New Labour resonates with those less fortunate than him, especially those who have suffered bankcruptcy of their businesses or redundancy of their jobs through no fault of their own.

"I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all." Ecclesiastes 9:11

TrevorsDen

So lets be clear 'Richard' there is no la labour debt reduction plan - just ever rising national debt.

You actually DO think we are thick - but we see through you. Labour have stuffed the country. Stop pretending otherwise.

Quite how do you expect the tories to put up a graph when they no nothing of all the false premises and black holes lying all over the published figures? Go over to labour list and talk your drivel to them

TrevorsDen

BTW - I see others have replied in detail, but putting it simply, having read your other posts 'richard' I have to say you are one of the dumbest thickest idiots amongst a whole host of thick interweb lefties I have come across.

There is nothing other than wishful thinking in Labours policies to cut our deficit. They are scared shitless to admit the truth ...

TrevorsDen

Tom Pride - 'cutting the deficit in half' - even if achievable on labours figures - is typical labour sophistry . Because half a deficit is still adding to the total debt and half the deficit when it is such a big sum is adding huge amounts to the debt year on year.

What thickos like Richard cannot realise is that we not only have to cut the deficit and the debt, we also have to cut out the causes of the deficit debt in the first place. Such is the enormous cock up that Brown has made of the country. Massive spending unreformed services and a paltry tax base.

Richard

@Trevorsden,

To mis-quote the Bard, me thinks the poster douth protest too much!

Why are you so worked up.....after all your superior education and stature in the community are surely your comfort blanket.
Name callers do (I am sorry) lose something in the street cred bit...sorry mate.
Advise if you wish to take it or not is up to you......ignore my posts and move on Simple!

Jeff York

"Richard" seems to be a member of that confused group, nearly always found in politics, who define a "reduced increase" as a "cut".

Sarnia

@ Jeff York

Well said!