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Spring Budget: Conservatives never reduce debt

Spring budget: the Conservatives market themselves as the party of fiscal responsibility, but reader Tony B points out their last budget surplus was in 1904

Jeremy Hunt spring budget

Jeremy Hunt. Image: Flickr/ Department for Digital, Culture, Media and Sport.

Jeremy Hunt is yet again borrowing billions of pounds for his spring budget. The biggest spending is on pension pots – he handed the richest one per cent huge tax cuts on their pensions and didn’t even mention the public sector who are all on strike to have their pay reinstated to 2010 levels. Except for the Barristers who settled for 15 per cent last year when they threatened to strike.

The Conservatives go on about reducing the UK debt. This is something their party has never done in the last 120 years. The Tories last had an annual budget surplus in 1904. So that was the last time they actually reduced the debt.

Tony B

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