Obviously the myth, continued by the mega-rich owners of some papers who are only thinking of their own financial situation, that the Tories are competent when it comes to the economy is surely beginning to seems full of holes even to the most ostrich-like of Conservative supporters. This is from Richard Murphy's blog today. Even if you suspect he is biased, for heavens sake read it and don't remain as ignorant as our gutter press would like to keep yo.
Labour not only repaid more often, it turns out it also repaid much more in total and on average during each year when repayment was made.
So what do we learn? Two essential things, I suggest.
First, Labour invariably, in real terms, borrows less than the Conservatives. The data shows that.
And second, Labour has always repaid debt more often than the Conservatives, and has always repaid more debt, on average.
Or, to put it another way, the Conservatives are the party of high UK borrowing and low debt repayment contrary to all popular belief.
The Tories created two thirds of the UK’s national debt
