There it is: confirmation if it were needed that the debt is borrowing that must be repaid at cost to future generations even though £435 billion of quantitative easing proves otherwise and we have never repaid public debt, or attempted to do so, because the truth is that this would destroy the money supply.
I think I’m right that G. Brown paid down a bit of the debt in his first couple of years. Lawson was proud of his public sector debt repayment. And didn’t Attlee run a budget surplus to help pay down the war debt?
Hmm, perhaps the Senior Lecturer isn’t right in his assertion then?