Don't forget Gideon's already doubled the deficit he inherited from Labour... Austerity, eh?
Much as I love Tory bashing, that's just not true.
The debt has gone up by ~50% (not doubled, and even less in terms of %-of-GDP) and year on year he's reduced the deficit since coming into power (compared to Labour's record splurge in their final year in power).
The fun thing about all of this is no-one knows how Labour would have got on with deficit reduction had they won in 2010. The party not in power is always going to claim they would have done better as it is impossible to prove otherwise.
Labour's record splurge in their final year in power
Which to be fair was covering the bailout of the failing banks, and a lot of Osbornes clawback of the deficit has, as I understand it, been by selling those shares that the state owns in the banks back.
Much as I love Tory bashing, that's just not true.
The debt has gone up by ~50% (not doubled, and even less in terms of %-of-GDP) and year on year he's reduced the deficit since coming into power (compared to Labour's record splurge in their final year in power).
https://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/3/20/1363802502484/Deficits-by-chancellor-001.jpg
http://www.economicshelp.org/wp-content/uploads/2015/06/net-borrowing-totalJ511-600x471.png
The fun thing about all of this is no-one knows how Labour would have got on with deficit reduction had they won in 2010. The party not in power is always going to claim they would have done better as it is impossible to prove otherwise.