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Home > News > Politics > Is This True? (Gov Borrowing)

Is This True? (Gov Borrowing)

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TheDevil | 15:27 Wed 04th Dec 2019 | Politics
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UK borrowing by governments:

The labour government in the past 33 years has borrowed 500 billion pounds.

Conservatives in the past nine years have borrowed 7770 billion pounds.

Is this correct? - apparently this info is from "Bank of England's Economic Data" https://www.bankofengland.co.uk/
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Sorry I have researched further. Apparently it IS true. However, it's apparently not a fair comparison, because the government has got bigger as well as the economy.
15:32 Wed 04th Dec 2019
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https://fullfact.org/economy/government-borrowing/
15:32 Wed 04th Dec 2019
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the figures in your question don't match the figures in your link. the question figures suggest a borrowing rate of an order of magnitude bigger, rather than the approximate double of the link figures.
21:03 Wed 04th Dec 2019

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