Thursday, 10 February 2011

National Debt

Amazing reaction on Question time this evening when Francis Maude once again cited Labour's debt legacy for the dramatic cuts the Tories are implementing.
The crowd booed as they heard the standard Tory line. We've heard it so often now and it's becoming clear to everyone that it's just a front for slashing public services.

It's worth remembering, that our level of debt is not out of the ordinary compared to other countries. And even more importantly - I read a while ago that 65% of our debt is owed to British Companies.

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