UK Government debt reaches £1 trillion under Tory Liberal Coalition’s economic plan

Figures out today show that debt under the Tory Liberals has increased and passed the Trillion Pound mark.

Graph obtained from Coffee House Spectator blog

The Tory Liberal approach to tacking the budget deficit, cutting too far and too fast without having a plan for growth has already produced high levels of unemployment, growth revised downward from 1.6% under the Labour plan to address the deficit to 0.6% under this Tory Liberal plan.

Unemployment has not been this high since David Cameron was an advisor to the Thatcher Government. In addition, youth unemployment is having a damaging impact on our next generation.

Inflation is also higher than in previous years with the cost of living rising and the Government making things worse by increasing VAT. All this further supports Labour’s call for a five point plan for jobs which I have blogged about in the past here – LINK.

Advertisements