For 11 years, New Labour preached the gospel of fiscal prudence: money would be borrowed only for investment, and public net debt kept below 40% of GDP.

 
  • 11年以来,新工党鼓吹财政紧缩信条:银行非投资莫贷,公债率控制在GDP的40%25以下,经济时好时坏的情形一去不返;
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