Look at the UK budget deficit 1946 - present - The Guardian has put together very clear information about
it a little way down this page.
I never realised that we had been in the black so much before the 1980s. And we are now incredibly in the red, of course.
With all this talk in the news, of strikes. cuts to public services, raised taxes, times ahead worse than when Thatcher came to power...
"The increase in the deficit," writes a Guardian blogger, "excludes the bank bailouts - this is just the structural deficit. Including the bailouts, the deficit has been in the region of £300 billion to £500 billion in both 2008 and 2009."
... with all this talk, it's time to talk post-capitalism.
2 years ago