Tories never lets facts get in the way of a good rant and trying to score political points. When Labour left office in 2010; the UK economy was growing again after shrinking following the impact of the global financial crisis started in the USA.
Government policies since 2010 have caused growth to stall and debts to increase, not decrease as David Cameron and others like to claim. Just over a week ago the national debt hit £1,111 Billion and it is heading towards £1,400 Billion. This isn’t paying down Britain’s debt, its increasing it so that our children and their children are left with the legacy of the ConDem Government’s economic incompetence. Not that this will worry David Cameron and others, their only concern now is Tory Party political advantage in the run up to the 2015 General Election.
Labour did not do enough to regulate banking and paid too much attention to bankers. But this was in an era when the consensus was on light touch regulation and the Tory Opposition were calling for even less intervention.
I come back to the point, at a time of national financial hardship, when the Government tells us that we are all in this together, it is wrong – just wrong – to give a tax cut worth £3 Billion to millionaires while hundreds of thousands of people go hungry and rely on handouts from foodbanks.