John Major on UK's terrible public sector debt (05July09)

Andrew Marr interviews Sir john Major on the current state of the UK economy, and his thoughts on what to do about getting to grips with the terrible debt of £2.5 Trillion that New Labour created, which the taxpayer is liable for.

Recorded from BBC's Andrew Marr Show, 05 July 2009.

Category:

News & Politics

Tags:

• sir
• john
• major
• tory
• conservative
• interview
• uk
• new
• labour
• created
• create
• recession
• depression
• public
• sector
• debt
• out
• of
• control

[impressionsbysimon]

Worse than Black Wednesday, John?! When the Conservatives single-handedly brought down the British economy!

And who was advisor to the treasury at this time? Oh yes, our Dave, aka David Cameron.

[liarpoliticians]

What are you on? Black Wednesday cost the UK £3.5Bn and a kick out of the hated ERM. That is chicken feed in comparison to New Labour costing the UK £2500Billion, and counting (upwards), and the worst recession in the UK's history created by New Labour.

[impressionsbysimon]

Only a Tory or Tory supporters would have us believe that Labour created the recession! It started in America and has affected most countries and would have hit the UK just as hard whoever was in power.

Tell me, what was the Tory policy to get us out of recession when it first hit? Oh no, hang on, they didn't have any policies!

[liarpoliticians]

America caused the first run on a UK bank in over 110 years with Northern Crook? Give it a rest. Gordon Brown removed regulation from the banking sector, the banking sector made lots of money, and Gordon didn't care where or how it was made because he had votes to buy.

[tescoskick]

@liarpoliticians it was the worldwide recession

[liarpoliticians]

@tescoskick No, it was a G20 recession. The other 190+ countries were not involved with the scams that the G20 politicians created to steal taxpayers money.

[harperonline]

@impressionsbysimon - I have to say that as a libertarian I should side with the Tories, but on this occasion I don't. However, I have to say that Labour are not gold plated roses either. Labour should have kept the brakes on regarding the size of the state and the size of debt to GDP. Labour were on course in 1999 towards less that 20% debt to GDP but they dropped into their usual channel of spending. If they had stuck to this path the tories would not be in power now.

[boffinme80]

What's with the hate on John Major?? He was a decent PM! The good thing about him was that he wasn't aggressive like Thatcher and Blair. He's been one of the best PMs since the early 70s after Harold Wilson. He did his best to put the economy back into shape. I know many people who hate Thatcher and Blair but I've never known anyone to hate Major. The best thing is that we weren't in debt when he was the leader. Many people liked him so why are you lot being so rotten?

[NewDayStudios]

@zufgh i agree with you zufgh, major was an epic pm

[zufgh]

Incredibly intelligent man and a highly underrated PM.

[ukipwarrior]

Mass-trick treaty!!!

[optionsupdate]

£262million each day in interest and that sum is set to double

[xkunx]

When people say, conservatives brought down the economy .. both in the UK and US,

They do this every single time. Anyone in power will "bring" down the economy for the masses, while they themselves profit.

Wake the fuck up people,

Anarchy in the UK and US

November 5 2012

The world needs a V FOR VENDETTA

[mariafreddiebeccamur]

smart guy. probably one of the best PMs in history. so much love for you man :)

[firepyro2]

John Major - the man who delivered the highest % growth in the last 2 decades