No, Tiberius, they have fucked up. The cuts have been a disaster, they have stopped bankers tax, lowered corporate taxes by 4%, stopped tax altogether for corporation tax entering the UK, let Vodaphone off £1.8b. Unemployment is rising. No stimulus.
People think the only way to lower debt is cuts, what a load of 1st grade economic bullshit. How do you think the 250% gdp debt after ww2 was lowered? Yes Labour overspent and stuck their fingers in their ears, no one denies that, but their plan to get out of trouble has worked before.
Lastly until the recession, Gdp/debt% was lower under labour then the Tories.
People think the only way to lower debt is cuts, what a load of 1st grade economic bullshit. How do you think the 250% gdp debt after ww2 was lowered? Yes Labour overspent and stuck their fingers in their ears, no one denies that, but their plan to get out of trouble has worked before.
Lastly until the recession, Gdp/debt% was lower under labour then the Tories.