Public finances: 1996/97 versus 2007/08
Gordon Brown is not everyone’s cup of tea, even amongst Labour supporters.
One of many accusations made against him is that he was a profligate spender who “allowed the public finances to run out of control.”
The table below shows the state of the public finances at the end of fiscal years 1996/97 and 2007/08.
April 2008 was just six months before the financial tsunami – brought upon us by global banks (and insurer AIG) – started its journey around the world.

Source : Pre-Budget Report 2009 (except interest payments, which is sourced from Public Expenditure Statistical Analysis 2009).
Labour supporters may find these figures interesting.




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