Wednesday, 9 December 2009

...and they want to run the country?

Sky are showing footage of a stunt that the Tories have been performing on Westminster Green this morning. They called it the G8 race to recovery and had runners, dressed up to represent all the G8, ambling towards a finishing line. At the back the UK figure, wearing a Gordon Brown mask, staggered way behind holding a huge pretend iron ball labelled "debt". They were trying to make the point that Britain is the only G8 country still in recession and blaming Brown for running up too much debt.
Unfortunately, they seem to have got debt and deficit muddled up. Britain does have a monstrously large deficit (the amount it is borrowing annually to fund the gap between the amount it is spending and the amount it is raising through taxation). But the debt (the amount UK plc owes because of all the money it has borrowed over the years) is actually relatively low by G8 standards.

No comments: