Quote Originally Posted by Eric the Half a Bee View Post
That's over 10 times what we were borrowing at the time of the 2010 general election, when a Conservative party in opposition said we were borrowing too much and went on an austerity drive.

So, for all the jobs that were lost due to austerity, the services we lost due to austerity, the pay freezes that affected many people due to austerity, and we're borrowing 10 times fecking more? Even with the cost of Covid, any claims that the Tories are the only party who know how to run the economy must be filed under 'Total Bullshit'.
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.