The UK has a trade deficit with the EU (Jan 2018) of £82bn pa – about 4% of GDP (larger than the UK bank bailout in 2008 annually see note 1). Trade deficits directly reduce GDP, the trade deficit with the EU reduces UK GDP by about 4%. It makes …
Read More »Labour’s Cynical, Disingenuous National Debt Hysteria
Pot, meet kettle You’ve probably already seen them countless times over the course of this general election campaign – the smug, sanctimonious internet memes bandied about by Labour supporters and other left-wing activists excoriating the Conservatives for having presided over a massive increase in the national debt since taking office in …
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