Why Ed Miliband was being deceptive over debt
“Remember, our government paid down the debt before the crisis hit.” That’s what Ed Miliband said in a speech last Friday, and I took exception to it at the time. My point was, admittedly, quite blunt: how could the Labour leader make such a claim when debt was around £500 billion in 2006, and rising? So I’m glad that the excellent Full Fact blog has since looked into the matter, and come down broadly on my side – giving Miliband a 2-out-of-5 rating on their truth scale. But some of their wider points are worth developing, which is why I’m returning to the topic now. First, though, the observation that
