5. Debate: The Draft Budget 2018-19

Part of the debate – in the Senedd at 4:18 pm on 5 December 2017.

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Photo of Mick Antoniw Mick Antoniw Labour 4:18, 5 December 2017

That point is just factually incorrect. The actual percentage of borrowing compared with GDP at the time of the financial crisis was 37.2 per cent—about 0.2 per cent higher than it was when Labour came into Government in the first place. The only difference was the increase to 50 per cent, which was effectively the steps taken by Gordon Brown to actually save the UK economy from collapsing. What you've had now, as a result of austerity measures under this Tory Government and the cut-back in capital investment, is the fact that the percentage is now 88 per cent.