Lets face facts the Tories have reduced the deficit .....but ...hangon....

Lets face facts the Tories have reduced the deficit .....but ...hangon....

"In 2005 the UK “current budget deficit” was less that £20 billion. But then came the worldwide financial crisis of 2008 and subsequent recession. The budget deficit skyrocketed to £50 billion in 2009 and £103 billion in 2010. In the subsequent recovery the deficit has steadily declined, down to £1.9 billion in 2018."  {LINK}

So the deficit has reduced by 101.1 billion

                            But wait ....the UK debt is now over 70% more

"In 2005 the UK National Debt was less that £0.5 trillion. But then came the worldwide financial crisis of 2008 and subsequent recession. The National Debt increased rapidly and went over £1 trillion in 2011. At the end of the 2015-16 fiscal year, the National Debt went over £1.5 trillion." {LINK}

Its worth noting that its a total myth that Labour caused the financial crisis of 2008, a myth perpetuated by the Tories to good effect and people still believe it now.  Its well known that the greedy banks caused the crises but the Tories continue to promote the lie.

So UK debt when Tories took over was 1.01 Trillion

UK Debt in 2018 was 1.78 Trillion. That's 780 billion more.

May claimed that a vote for Labour would be a vote for "a coalition of Chaos" the facts are that the Tories turned out to be in chaos.

I'll just mention this.

"Corbyn's spending plans will bankrupt the country" the media screamed "its all uncosted" they claimed.

Fact Corbyn proposed to spend £250 billion on infrastructure, which in turn would create jobs, generally make things better and stimulate the economy.

What happened ....... Total melt down.

 The Tories however have increased the UK debt by £770 billion, with nothing to show for it.