As the Fabians say in a pamphlet out this week, societies get the inequality they choose. In 1945, Britain had a national debt of 200 per cent of GDP, compared with 60 per cent now. From that economic disaster rose the NHS and the pledge never again to replicate the mass unemployment of the 1930s.
If you\’re going to make claims about how to get out of a high debt situation like that it\’s worth you actually looking at what happened…..to get us out of that high debt situation.
The Government ran budget surpluses.
No, really, they did, they cut spending and there were surpluses in 47, 48 and 49.
Now we all know that\’s not the message you want to put across but that is the message you are putting across.