James Cartlidge MP 🇬🇧 🇺🇦

@jcartlidgemp ↗

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Last Checked March 9, 2020

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Wed Nov 20 07:33:49 +0000 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

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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

Finally, our gradual approach has not only led to debt falling as a share of GDP but delivered record low unemployment with previous retrenchments delivering a lower deficit with deeper joblessness. Much sharper cuts to avoid overall debt rising would have hit growth harder. — PolitiTweet.org

Posted Nov. 20, 2019