RE: Progress was made22 Nov 2018 17:08
If we had national debt at current levels under a Labour government,the economy would be ticking over so fast we'd have a budget surplus!
Everything was just fine till Lehman Brothers/sub prime came along and we had to bail out the banks (inc Lloyds).
Banks don't come cheap,a lot of the money has been paid back now so the deficit was going to reduce anyway.
If we had gone the same route as all other countries and not tried this austerity,then the deficit would have reduced on higher growth and tax receipts-should have left Gordon in.