Originally Posted by
JamesWales
I genuinely don’t think there is any party politics here, as all would have done broadly the same.
But in May 2010, we borrowed £13.6bn, so not a huge difference, certainly not 10 fold. From 2008 to 2010 there was a big increase in borrowing, which slowly and successfully (finance wise) was reduced until Covid hit
But yeah, whatever financial benefits were gained from the years of austerity have certainly be lost due to Covid. As a Quiet Monkfish says, thankfully interest rates are very low.
I just find the figures extraordinary really.