Osborne, £1.5 Trillion, worse debt since world wars

[Daven]

That debt was inherited from past, it didn't happen all of a sudden like.

Look for more specific figures if you want to make a political statement.

Labour is just as responsible for it as tories.

See that graph in that article there in bottom?

 

The current government always blame the one before for the problems they have .......... oh, but wait ! The previous government was a Tory led coalition !!

[betterman]

Link please

 

---------- Post added 26-11-2015 at 19:02 ----------

 

 

Get real. Osborne has doubled the debt.

 

Or are you saying he's one of the socialists/social democrats?

 

He is responsible for the debt he created but at least he's learning

 

No he hasn't.

 

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwiZh8qq-a7JAhWGKQ8KHceaAyoQFgglMAA&url=http%3A%2F%2Fwww.parliament.uk%2Fbriefing-papers%2Fsn05745.pdf&usg=AFQjCNHH7ItUqUwFsYL89rXRVGo2yP7AEA&cad=rja

 

Public sector net debt.

 

£ billion

2004/05 -------- 449.2

2009/10 -------- 959.8

2014/15 -------- 1,486.5

[biotechpete]

I'm not confusing borrowing with debt. You are though it seems.

 

Even if borrowing is decreased the debt will rise. Even when there is no borrowing debt will rise if payments are less than the interest on the debt.

 

Even though Osborne has reduced the deficit he still missed his targets. He still doubled the debt when he never planned to.

 

The thing about the debt being caused by Labour spending is a tired old argument for people who wilfully ignore the facts.

 

This of course leads on to a reiteration of the fact that Osborne has doubled the debt. We are servicing interest on a pile of debt he created by spending too much.

 

Your a debt-doubling denier.

 

In percentage terms, from the graph posted in the OP article, it looks as though Labour doubled the debt from around 300 be to over 700 bn between 2000-2009.

 

---------- Post added 26-11-2015 at 21:03 ----------

 

Better than expected public finances.

 

He had a choice here. Use all the additional funds to further clear down the deficit or spend some of the funds knowing that the economy is already growing and the net result (of there being more money in peoples' pockets than if he'd cut) would ultimately be similar, as people spend on goods and services etc... There is also a chance that housing costs will reduce due to his BTL measures & housebuilding programme giving people even more money in their pockets.

 

I detest the guy but he's done the right thing this time and learned from 5 years ago. The fact he is now more willing to learn from mistakes is a good thing really.

 

The only thing he's learned is that he needs to be more popular if he's to beat BoJo to be PM

[Eric Arthur]

Your figures are incorrect. Where did you get them?

 

He didn't get them from a letter sent by Bernard J Mulholland to the letters page of the Belfast Telegraph.

 

Well he's doubled the national debt since 2010. [LINK]

[mrcharlie]

It's often crossed my mind that it isn't us the general tax paying public that created this mess. So why they lecture us I'll never know. It's about time the gravy train stopped and the ridiculous amounts of money (wasted) spent was audited by independent (overseas)

I read yesterday that the proposed 4 new subs will cost £40 Billion!!

 

http://business-reporter.co.uk/2015/11/12/george-osborne-trying-to-strip-control-of-40-billion-submarine-project-from-mod/

How on earth can that be real!

 

Enough is enough. They've all created this problem....so I think they should all stand up and be counted.

 

Greed......it's without doubt the biggest killer of the 21st century!!

A terrible disease.

Edited November 27, 2015 by mrcharlie

[unbeliever]

As the moderators have now checked this out and confirmed that there is nothing at all wrong with the link to a UK government document. And the UK government themselves have double-checked the documents and confirmed that it is absolutely free of all malware...

 

Here are the actual debt and deficit figures for the UK state

http://researchbriefings.files.parliament.uk/documents/SN05745/SN05745.pdf

 

If your anti-virus software flags it, then that's a fault with the software and not with the link. May I suggest (if you insist on using windows) microsoft security essentials. It's payment free, and ad free and I've never known it cause this kind of problem.

[betterman]

As the moderators have now checked this out and confirmed that there is nothing at all wrong with the link to a UK government document. And the UK government themselves have double-checked the documents and confirmed that it is absolutely free of all malware...

 

Here are the actual debt and deficit figures for the UK state

http://researchbriefings.files.parliament.uk/documents/SN05745/SN05745.pdf

 

If your anti-virus software flags it, then that's a fault with the software and not with the link. May I suggest (if you insist on using windows) microsoft security essentials. It's payment free, and ad free and I've never known it cause this kind of problem.

 

For anyone that still doesn't trust the link.

 

Debt ------ £ billion

1987/88 --- 167.4

1988/89 --- 153.7

1989/90 --- 151.9

1990/91 --- 151.1

1991/92 --- 165.8

1992/93 --- 201.9

1993/94 --- 249.8

1994/95 --- 290.0

1995/96 --- 322.1

1996/97 --- 347.0

1997/98 --- 358.6

1998/99 --- 357.8

1999/00 --- 349.1

2000/01 --- 316.4

2001/02 --- 323.3

2002/03 --- 355.2

2003/04 --- 394.2

2004/05 --- 449.2

2005/06 --- 492.0

2006/07 --- 529.3

2007/08 --- 561.5

2008/09 --- 727.7

2009/10 --- 959.8

2010/11 --- 1,102.5

2011/12 --- 1,192.0

2012/13 --- 1,300.0

2013/14 --- 1,403.2

2014/15 --- 1,486.5

2015/16 --- 1,599

2016/17 --- 1,652

2017/18 --- 1,685

2018/19 --- 1,702

2019/20 --- 1,708

2020/21 --- 1,715

 

Sources: Office for National Statistics and Office for Budget Responsibility

[I1L2T3]

As the moderators have now checked this out and confirmed that there is nothing at all wrong with the link to a UK government document. And the UK government themselves have double-checked the documents and confirmed that it is absolutely free of all malware...

 

Here are the actual debt and deficit figures for the UK state

http://researchbriefings.files.parliament.uk/documents/SN05745/SN05745.pdf

 

If your anti-virus software flags it, then that's a fault with the software and not with the link. May I suggest (if you insist on using windows) microsoft security essentials. It's payment free, and ad free and I've never known it cause this kind of problem.

 

Same issue. I'm using Linux based computer and this link is causing very odd stuff to happen. Ironic really as you never post links normally

 

I'll report my findings to the help desk that looks after this. Interesting that you got the government to check things over so quickly.

 

If Osborne hasn't quite managed to double the debt yet, he will.

[unbeliever]

Same issue. I'm using Linux based computer and this link is causing very odd stuff to happen. Ironic really as you never post links normally

 

I'll report my findings to the help desk that looks after this. Interesting that you got the government to check things over so quickly.

 

If Osborne hasn't quite managed to double the debt yet, he will.

 

The debt may double in cash terms from 2009/10 to 2019/20.

It will not get anywhere near doubling after correction for inflation.

It will not get within a country mile of doubling as a fraction of GDP.

 

You were wrong about the current debt and you're miles off on projected future debt. Just sit there in your wrongness and be wrong.

 

P.S. I post plenty of links.

On the very rare occasions when one pdf reader on my linux machines can't read a particular file, I try one of the others:

xpdf, evince, firefox, chrome ...

I don't get into a panic and assume that the uk government has put malware into their official documents.

If you're still interested, I suggest you download the file with wget or curl -O. You should then have no trouble finding an app on your system which can open it cleanly. Failing that, you could try running it through gs to either convert it to ps or regenerate the pdf to gs standards, which you system would probably like better.

Edited November 28, 2015 by unbeliever

[betterman]

Same issue. I'm using Linux based computer and this link is causing very odd stuff to happen. Ironic really as you never post links normally

 

I'll report my findings to the help desk that looks after this. Interesting that you got the government to check things over so quickly.

 

If Osborne hasn't quite managed to double the debt yet, he will.

 

Not according to the forcast, borrowing is falling, the deficit is falling, its forcast to go into surplus at which point the debt will start to fall.