A Tory MP was too late deleting this online post, revealing a secret at the heart of his party [IMAGE]

Daniel Kawczynski Tory
Avatar

Conservative MP Daniel Kawczynski was too late deleting a post on Twitter, revealing a secret at the heart of his party.

The secret

The Conservatives are prudent with national finance, while Labour spends way too much… Right? Well that’s what Kawczynski himself seemed to believe when he tweeted this graph showing the national debt since 1995:

The graph shows a sharp increase in national debt after the taxpayer shouldered the financial crash for bankers in 2008. Then, the Conservatives came to power and David Cameron assured us:

So though this government has had to make some difficult decisions, we are making progress. We’re paying down Britain’s debts.

But since the Conservatives took power in 2010, there has been a steady increase in government borrowing, as the graph shows. Under six years of George Osborne, the UK national debt increased by over £555bn.

The secret goes back through history

The idea that the Conservatives are good with the economy and that Labour spends too much is often taken as a given. It is repeated by politicians and amplified by the mainstream media. Kawczynski’s belief was so strong that he posted a graph of the national debt assuming it would tell such a story. Realising the reality is actually the opposite of the rhetoric, the MP for Shrewsbury and Atcham swiftly deleted the tweet.

But the graph doesn’t tell the whole story. Osborne actually proportionately increased debt by more in five years than every Labour government in history combined.

How?!

Well, the evidence shows that Labour not only borrows less, but also repays more debt. Economist Richard Murphy showed this through data on borrowing per year from 1946/47 to 2016.

This chart shows each party’s record on borrowing since WWII:

As the chart shows, the Conservatives have borrowed nearly twice as much as Labour. The party’s record on repayments doesn’t look too good either:

The chart shows Labour has repaid over five times as much as the Conservatives since 1946-47.

The lesson

The underlying lesson here is that cutting public spending, like Osborne did severely, can actually pile on more debt. Calculated public investment facilitates economic activity and brings greater returns in the long term.

It’s no wonder Kawczynski deleted that tweet. It exposed the con at the heart of the Conservative Party.

Get involved!

– Keep writing to your MP to express any discontent.

Support The Canary so we can keep holding the government to account.

Featured image via WikiCommons

We need your help ...

The coronavirus pandemic is changing our world, fast. And we will do all we can to keep bringing you news and analysis throughout. But we are worried about maintaining enough income to pay our staff and minimal overheads.

Now, more than ever, we need a vibrant, independent media that holds the government to account and calls it out when it puts vested economic interests above human lives. We need a media that shows solidarity with the people most affected by the crisis – and one that can help to build a world based on collaboration and compassion.

We have been fighting against an establishment that is trying to shut us down. And like most independent media, we don’t have the deep pockets of investors to call on to bail us out.

Can you help by chipping in a few pounds each month?

The Canary Support us

Comments are closed