The true UK deficit picture

The beeb have a useful analysis of the UK deficit situation. The Tories would like to claim that the deficit is going down and that so too is the UK’s debt levels. Actually, that’s not strictly speaking true as it requires a very selective view of the UK economy. The deficit, borrowing and overall debt levels have all increased under the Tories, despite aggressive tory budget cuts. There is certainly a possibility that sometime around 2017, if current trends continue, that the economic indicators might well turn a corner.

However that requires us to make a number of assumptions, such as Tories welfare cuts don’t impact on the economy, that the present economic recovery continues, that the UK doesn’t leave the EU and that Scotland doesn’t leave the UK. And to be blunt none of these factors are guaranteed.


One thought on “The true UK deficit picture

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s