James Cartlidge MP 🇬🇧 🇺🇦

@jcartlidgemp ↗

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Last Checked March 9, 2020

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Wed Nov 20 07:27:47 +0000 2019

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James Cartlidge MP 🇬🇧 🇺🇦 @jcartlidgemp

Therefore to stop debt rising at all in our first year we would have to have added to existing savings by spending cuts or tax rises of a further £150bn, equivalent to the current UK health budget. This would in reality have been counter productive & we instead... — PolitiTweet.org

Posted Nov. 20, 2019

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James Cartlidge MP 🇬🇧 🇺🇦 @jcartlidgemp

To those saying debate has continued to rise under us, correct. But rather missing the point. In 2010 we inherited a record postwar budget deficit of around 10% of GDP or circa £150bn. Each year’s deficit is borrowed & added to the total accumulated debt... — PolitiTweet.org

Posted Nov. 20, 2019

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James Cartlidge MP 🇬🇧 🇺🇦 @jcartlidgemp

We proceeded gradually. Each year the deficit fell steadily but still increased total debt. To those criticising this rise in debt, while simultaneously knocking the inevitable ‘austerity’ this implied, must say what further deep cuts they would have implemented to avoid this... — PolitiTweet.org

Posted Nov. 20, 2019