Our great and wise leader David Cameron has been on the television this morning making noises about how his new year resolution is to cut taxes for the lowest paid and pledged to increase the state pension.
With one eye on the election in 16 months time, the Prime Minister said that: 'If I had money in the coffers i would target that money at the lowest paid'.
After over three of severe austerity cuts, why is there not enough money in the coffers to throw a bit towards the lowest paid? All i hear is how the Conservatives are bringing down the national debt and how the economy has turned the corner and plan A was a roaring success after-all so why are we still staring into empty coffers?
The figures from HM Treasury show that the National Debt in 2013 was £1.16 trillion but when the Conservatives took office in 2010 it was £0.76 trillion.
That would mean that despite cutting and slashing everything in the name of austerity, the debt has actually gone up by £0.40 trillion under the Conservatives tenure.
Not being of a financial mind, maybe i am reading it wrong but the Treasury figures show that the Debt per GDP in 2010 was 52% but in 2013 it was 75%.
Something is very wrong with the ruling Government when they are taking credit for introducing austerity measures that have somehow led to even more debt and something is even more wrong with the opposition that they are not screaming these figures from the rooftops.
With the election just over a year away, i'm sure if more people took the time to look at the figures the next time Cameron of Gideon tell us how well everything is going, it would make for interesting conversations in the queues of the food banks and unemployment office.