Will they never learn?
As April's borrowing stats show that the public sector's net debt has increased by half in just two years, I think that the following quote is as appropriate now as it was 34 years ago.
It’s the Labour Government that have brought us record peace-time taxation. They’ve got the usual socialist disease — they’ve run out of other people’s money.
Margaret Thatcher.
Speech to Conservative Party Conference, 10th October 1975.
Full text of this speech is available at the Margaret Thatcher foundation.
