“Mistakes Were Made”
He went on: “We have made a lot of mistakes as a country, over many years, building up these debts.” How graciously bipartisan, accepting that these were national mistakes, regardless of which party was in power.
Just one problem. What was he talking about?
Public debt as a share of national income (see chart) was declining gently until the financial crisis of 2008.Tagged in: debt, economics, george osborne
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