Labour's Debt Crisis
Last week, it was revealed that every British family faces a bill of £4,800 to pay for Gordon Brown’s borrowing so far this financial year alone.
We can’t go on like this. The Prime Minister must now heed the advice of leading economists and business leaders and set out a credible plan to get the deficit under control, starting this year, to put Britain back on her feet. The longer he delays, the more the recovery and our credit rating will be put at risk.
Key facts about Labour’s Debt Crisis
· This year, Britain is expected to borrow almost twice as much as when we nearly went bust in the 1970s.
· The British Government is now spending more money on the interest on the national debt than on schools.
· Britain has the biggest budget deficit of any large economy.
· Last week, we had the worst public borrowing figures for any January on record - it was the first time for years that the government had not had a surplus on January.
We can’t go on like this. The Prime Minister must now heed the advice of leading economists and business leaders and set out a credible plan to get the deficit under control, starting this year, to put Britain back on her feet. The longer he delays, the more the recovery and our credit rating will be put at risk.
Key facts about Labour’s Debt Crisis
· This year, Britain is expected to borrow almost twice as much as when we nearly went bust in the 1970s.
· The British Government is now spending more money on the interest on the national debt than on schools.
· Britain has the biggest budget deficit of any large economy.
· Last week, we had the worst public borrowing figures for any January on record - it was the first time for years that the government had not had a surplus on January.
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