Debts and Deficits: How much is Labour to blame?

Article

On the basis of this report, Labour's 'fiscal profligacy' just ahead of the recession would seem to have been on a very limited scale, and charges that the Coalition is tackling 'Labour's debt' and 'Labour's deficits', or that Labour let spending run out of control before the recession, do not stack up.

The Coalition government has sought to blame its Labour predecessor for Britain's current fiscal position. There have also been accusations that the deficit was, at least in part, due to excessive spending by the last Labour government even before the recession of 2008 and 2009.

This note looks at the numbers on debt, deficits and spending (relative to GDP) - over time in the UK and comparing the UK with other developed economies.

Related items

  1. A little girl in a red school uniform looks at the camera while another student writes with a pencil next to her

    What comes next: A fairer approach to primary assessment

    England’s primary school accountability and assessment system is not working well for disadvantaged children.
  2. A woman’s hand filling in a postal ballot / voting form.

    A durable majority?: How public opinion on the EU performs under pressure

    A decade on from Brexit, Andy Burnham has signalled that a reassessment of the UK’s relationship with the EU might be around the corner.
  3. Flags of Great Britain and European Union

    New world, new relationship: Our future with Europe

    Britain’s assumptions about its place in the world no longer hold, upturned by Russian aggression, American unreliability and Chinese coercion.