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• ↓ Your share of the state debt is getting out of control. Adults now have a £52,000 debt share and have to pay £24,000 to the state on average each year
• ↓ Raise quality in the public sector. My IEA article
• ↓ Save our High Streets
• ↓ Stop the Chagos madness
• ↓ My Conservative Home article on Brexit
• ↓ Devolution to Regional Mayors is a con
• ↓ Top Alternatives to johnredwoodsdiary.com

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"There was some flurry of concern when recently the UK state debt passed £3,000 bn. The debt has trebled since 2010 when the OBR was set up to help control all that borrowing! According to Labour much of the time since 2010 has seen public sector austerity, yet state spending has risen well ahead of prices and state borrowing has trebled."

"The truth is £3,000 billion is a number that does not mean much to most people. If that is what it takes to provide public services so be it, say many. It only becomes a problem if one day the government discovers it cannot borrow any  more to keep things going at anything like an affordable cost. That is what brought down the 1974-9 Labour government. They overspent and overborrowed. They ended up having to pay 15.5% for a new loan. The shortage of savers willing to lend to them also forced them to borrow from the IMF, with conditions attached to make them rein in spending.  Then people get the seriousness of a government that cannot control the money and throw it out of office."

"It is easier to understand what is going on if we set out the figures per head of the population. The state debt today stands at £52,000 per adult or £43,000 per person living in the country. Taxpayers have to pay the interest on that borrowing, now running at £1800 per adult this year.  The government is likely this year to add another £2400 to the debt per adult as they borrow more to sustain their high spending. Each adult is having to cover benefit costs of more than £6000. State spending is £24,000 per adult."

Key Topics & Focus Areas for johnredwoodsdiary.com:

Your share of the state debt is getting out of control. Adults now have a £52,000 debt share and have to pay £24,000 to the state on average each year

Raise quality in the public sector. My IEA article

Save our High Streets

Stop the Chagos madness

My Conservative Home article on Brexit

Devolution to Regional Mayors is a con