tag:blogger.com,1999:blog-10815380.post9149549884923115468..comments2024-03-14T12:42:51.995+00:00Comments on Chris Whiteside's Blog: The cost of Labour's FailureChris Whitesidehttp://www.blogger.com/profile/02888720969479013951noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10815380.post-80393972756364494292010-10-20T20:42:13.208+01:002010-10-20T20:42:13.208+01:00To be fair, Tim, both the Conservative party and a...To be fair, Tim, both the Conservative party and a number of respected independent analysts have been expressing concern about both the size of the UK national debt, and the rate at which it was increasing, since well before 2007.<br /><br />For example, our platform for the 2005 election included a promise to use more than half of the efficiency savings we were proposing to make to cut public borrowing. <br /><br />Indeed, I can recall that the IFS, who by no means always agree with the Conservatives, praised us for taking that line, agreed with our concerns about the level of national debt, and said that we had the most responsible economic policy of the three major parties.Chris Whitesidehttps://www.blogger.com/profile/02888720969479013951noreply@blogger.comtag:blogger.com,1999:blog-10815380.post-77467598841816209872010-10-20T11:29:52.800+01:002010-10-20T11:29:52.800+01:00You describe the meltdown in Greece. This would be...You describe the meltdown in Greece. This would be the country where some of its fabulously wealthy and patriotic citizens have managed to salt away over 300 billion euros in Swiss bank accounts through a combination of tax avoidance and evasion.<br /><br />Funny thing - up until about 2007, there was no talk about Britain being in debt - then the banksters wreaked their havoc and the rest is history. As usual it's been all about privatising the profit and socialising the debt.Timnoreply@blogger.com