Economy lies

In 1950, UK GDP stood at £13.308 billion, and our public net debt was 193.89 per cent of that. This was in the aftermath of war and crippling debt incurred as a result.

From then through to 1965, the debt reduced progressively to 42.11 per cent in 1980, regardless of political control. From 1980-86, it see-sawed around 44-41 per cent and in the stagnant period of 1987-92, went down to 26.7 per cent.

From 1993-96 it rose back to 41.2 per cent, when we all know there was no investment, no new schools, etc.

New Labour came in during 1997. The GDP debt was 41.92 per cent that year, and reduced to 29.33 per cent by 2002. From 2003-08, it rose to 36.25 per cent, during the period of massive Labour investment in schools, hospitals, services and infrastructure, a shining comparison to the cut-all Thatcher period with its higher GDP percentage average debt.

In 2009, precisely because of the actions of the right’s beloved market, the GDP debt rose to 44.19 per cent and this year to 52.34 per cent.

The lie is exposed. Labour did manage the economy better, and made Britain a better place. Now we see the ennobled former MP for Arundel shunted off to the un-elected Lords because his local party didn’t re-select him. This man tells Cameron that the cuts will make the poor “breed”. Truly a Traditional Tory nailing his nasty, natural colour to the mast.

And yet more silence from the Lib-Dems locally.

Jan Cosgrove,

Longford Road,

Bognor Regis