Comments on: Criticisms of Labour’s economic plans debunked by accounting professor

By: jay ginn

jay ginn — Tue, 26 Nov 2019 11:40:24 +0000

Re nhsgp’s comment.
Provided the calculation of public debt is carried out in the same way
for 2010 and 2019, including the same variables, it is correct to note that Conservatives have increased the debt.
Indeed, it would have been grossly misleading to include public sector pension liabilities, state pensions and the cost of nuclear clean up in 2019 if these were not also included in 2010.
Perhaps it is nhsgp who is living in an ideological fantasyland.

By: sajid

sajid — Tue, 26 Nov 2019 09:42:44 +0000

We are where we are, BUT How will the national debt be controlled?

By: Alison Bancroft

Alison Bancroft — Mon, 25 Nov 2019 18:13:43 +0000

The national debt has spiralled *because* of austerity

By: nhsgp

nhsgp — Mon, 25 Nov 2019 13:12:24 +0000

In April 2010, just before the Conservatives took office, the public debt was £960bn and at the end of October 2019, despite austerity, it stands at £1,798.5bn.
============
Only if you cancel public sector pensions, nuclear clean up, the state pension, don’t pay the EU their debts, ….

In other words, Prem Sikka is operating in a fantasy land where public sector workers aren’t owed a pension, and the only debt that matters is the money owed to bankers