| − | The Labour Party, a centre-left party, were in power when the Global Financial Crisis struck. [[Gordon Brown]]'s government massively expanded government debt in response to this, leaving a budget deficit of £170bn ($273bn). Massive bailouts were given to banks and stimulus spending was inefficiently thrown at large companies.<ref>http://www.debtbombshell.com/britains-budget-deficit.htm</ref>. Over thirteen years, the Labour Party had massively expanded the public sector and created lots of jobs. The public sector is notoriously inefficient in the United Kingdom.<ref>http://www.guardian.co.uk/business/2009/aug/23/public-sector-inefficiency-costs</ref> When the Conservative Party was elected, they made it clear that they didn't want to damage public services, but that it was absolutely necessary to clean up the mess left by the political left over the last thirteen years. If the deficit wasn't reduced, then Britain faced a double-dip recession. | + | The Labour Party, a centre-left party, were in power when the Global Financial Crisis struck. [[Gordon Brown]]'s government massively expanded government debt in response to this, leaving a budget deficit of £170bn ($273bn). Massive bailouts were given to banks and stimulus spending was inefficiently thrown at large companies.<ref>http://www.debtbombshell.com/britains-budget-deficit.htm</ref> Over thirteen years, the Labour Party had massively expanded the public sector and created lots of jobs. The public sector is notoriously inefficient in the United Kingdom.<ref>http://www.guardian.co.uk/business/2009/aug/23/public-sector-inefficiency-costs</ref> When the Conservative Party was elected, they made it clear that they didn't want to damage public services, but that it was absolutely necessary to clean up the mess left by the political left over the last thirteen years. If the deficit wasn't reduced, then Britain faced a double-dip recession. |