The coalition will leave more debt than all Labour governments since 1900. The current government is now responsible for £517 billion of the trillion-plus-pound UK public debt, compared to £472 billion accrued during the 33 years Labour led the country since the turn of the twentieth century.
And the figures look even worse when you adjust for inflation. When you do that, the Coalition’s share jumps to nearly half of the total debt.
But the Coalition don’t meet any public needs, they simply serve the wants of a powerful, wealthy elite. Labour invested in public services, the Tories have bled them dry. So, what have they done with the money? Because the public have seen only austerity cuts. And the most vulnerable bear the brunt of the cuts.
Oxfam’s director of campaigns and policy, Ben Phillips, said: “Britain is becoming a deeply divided nation, with a wealthy elite who…
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