+- LIBERAL TALK (http://talk.liberal.org.uk)
+--- Thread: Liberal Party NEC Statement - UK National debt (/showthread.php?tid=643)
Liberal Party NEC Statement - UK National debt - ReadingLib - 04-27-2019
The Liberal Party notes with concern that the value of national debt in this country has now exceeded 2 trillion pounds, a milestone which has gone almost entirely un-reported by the media.
Even after 9 years of austerity, with harsh cuts to public services and reductions to our police and armed forces, the budget deficit for 2018/19 was still 27.4 billion pounds.
Although the national debt only amounts to 84% of Gross Domestic Product (GDP), it is only manageable largely due to low interest rates.
The Liberal Party believes this country can both afford decent public services and a modest reduction in national debt through a combination of investment in education and infrastructure, and a modest redistribution of wealth.
Even a modest redistribution of wealth would assist alleviate poverty and stimulate growth as people on low incomes having additional disposable income would spend a greater proportion of that additional income than those who are wealthier