Mrk
Player Valuation: £40m
But hasn't the national debt risen? In cutting the deficit (essentially the UK's overdraft), they've borrowed on top of an already substantial debt.
They've cut the deficit, but enlarged the debt, which for me begs the question, if the economy was already recovering which I'm led to belive it was, why extreme austerity and mass cuts?
Surely that's just an obvious fact of life? As long as we have a deficit, debt will always increase. You can't have a deficit, even if it's only 1p, and cut debt at the same time.
The part of the deficit they are cutting is the structural deficit - that is the part of the deficit that doesn't change regardless of whether the economy is booming or in recession - so economic growth doesn't have an impact on that.