Some interesting data on the UK's Debt, which the Tories tell us is so bad that – THERE IS NO ALTERNATIVE but to slash Public Services – is to be found here at UK Public Spending. It shows that, in fact there is nothing exceptional about the current level of Net Debt. For nearly 200 years between 1700 and 1900 it was at levels many, many times higher than today as a percentage of GDP, as it was again for nearly 50 years from before WWI, and until the early 1950's – a period during which Governments were, of course, mostly Liberal and Tory or a Coalition of the two!
But, at £772 Billion, the total UK PUBLIC debt, is actually smaller than UK Private debt, as can be seen here. In fact, at £1.4 trillion, Private debt is almost exactly double the Public Sector debt. So what are the Liberal-Tories proposing to do about that? They are keen to tell us that the country is paying more in interest payments than it spends on various Public Services, but they never mention that the average family spends more in interest payments to rip-off banks and credit card companies, and to repay mortgages than they spend on food, or on clothes for their kids etc.
Yet, although, the Government is keen to tell us that they have to rip up Public Services to repay its debts, far from advising citizens to slash their own spending, to rip up their credit cards, to sell their houses to be able to pay off the mortgage and so on, we have Charlie Bean from the Bank of England coming on TV, and telling us all to go out and spend whatever saving we might have!
As with much of the rest of the policies of the Liberal-Tories its all just a part of the Big Con.