Not a surprise at all...he never said they would write it all off. But it will have to be dealt with, since a great deal of it will never be repaid anyway, so what was the point of that?
If it's a graduate tax, it should have been called that. But that would have prevented governments 'selling' lumps of it (at even greater cost to the taxpayer).
Successive governments are locked into a cycle of competing with each other at finding new ways to fiddle the public finances. In that respect, it makes little difference who you vote for. But when the bribes are going to wealthy capitalists, it makes no sense for people living on wages to vote Conservative:)
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