Quote Originally Posted by Eric Cartman View Post
Labour were running a historically unremarkable deficit pre-2008, it was actually reducing in the years prior so it's not just biased, it's nonsense.
They shouldn't have been running a deficit at all, the economy was booming. They increased spending and didn't fund it adequately through taxation. But Brown believed that he ended boom and bust so there was nothing to worry about lol....then 2008 happened and due to Brown's over spending we weren't as well placed to cope, leading to a requirement for deeper Austerity