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Old 08-03-2013, 17:33
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Join Date: Jul 2006
Posts: 17,514
Perhaps the later figure was helped by the sale of substantial gold reserves.
Total Debt was at 400% of GDP when Labour took over.

I'm no fan of blair and brown, but you are talking absolute nonsense.

The high debt when including personal debt all stems from the idea that ever increasing housing prices are a good thing, and that houses at 8 times salary levels are not an absolutely insane fiscal situation but a great thing.
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