[DemolitionRed]

Originally Posted by kirklancaster

I do not understand this thread??? We are NOWHERE remotely near THE 'Great Depression'

What I actually said was, the way to climb out of a depression and stagnation (created by the 2008 crisis not immigration) is by stimulating growth. After the world crash our national debt soured to 87% of GDP. After WW2 it stood at 243%. One of the first things Clement Attlee did was build the NHS.

A recession is not a time to start putting money in the piggy bank and making cuts that cripple future Growth. This isn't home economics, its a government that owes its debt to The Bank of England of which it owns. In other words, the £453 billion it borrowed to help pay off the debt was borrowed from itself and therefore could of been written off.

Instead it chose massive cuts on its nation and those cuts have created further economic stagnation.