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    At my seminar today we were looking at public sector balance as a percentage of GDP for major powers...

    In round figures:

    UK, 2009 - 14.5%. 2010 - 15% - in 1991 at the equivilent point in that recession it was c. 7.5%, almost exactly half what it is now.
    USA, 2009 - 13.5%, 2010 - 13% - demonstrating that they have started withdrawing stimulus ahead of the UK
    Germany - 2009 - 2%, 2010 - 4%
    France - 2009 - 4%, 2010 5.5%
    Italy - 2009 - 5.5%, 2010 5.5% (almost exactly the same)

    This exposes some lies told by Labour that the Tories were alone in advocating the withdrawal of stimulus. The figures also go back to 2007 and shows how the UK were in the worse position of all 12 countries before the recession started.

    Source@ Cazanove

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