UK budget

Public spending to rise 10% in cash terms over 5 years:

2009-10 (Last Labour year) £669bn
2010-11 £697bn
2011-12 £700bn
2012-13 £711bn
2013-14 £722bn
2014-15 £737bn (£68bn or 10% above Labour level)

See tomorrow morning’s comment here.

This entry was posted in Blog. Bookmark the permalink. Both comments and trackbacks are currently closed.

7 Comments

  1. StevenL
    Posted June 22, 2010 at 10:39 pm | Permalink

    The GDP and inflation assumptions are suspect to me. Maybe I'm over-bearish, but I'm suspect of them.

  2. bloke in france
    Posted June 22, 2010 at 11:10 pm | Permalink

    They're planning to spend £68 billion MORE?! Shocking.
    Clearly some inflation is planned.

  3. Nick Leaton
    Posted June 22, 2010 at 11:16 pm | Permalink

    2% per annum. Growth of 2%. Not a cut at all.

    Lets start cutting. How about the Lords for starters?

    Nick

  4. John Hatch
    Posted June 23, 2010 at 6:08 am | Permalink

    I applaud the use of cash figures. The addicts of state spending (and control) prefer measuring in 'funny money' because this allows increases in public expenditure to be portrayed as 'cuts'.
    The rising cash figures also show that the current public spending debate is largely a pantomine. Over the past 50 years, public officials have ruthlessly used public money to undermine the traditional family unit, our education system, our work ethic, our institutions, and even, now, our charities in order to promote marxoid/Orwellian concepts of 'equality and diversity'.
    How the political commissars of 'equality and diversity' in the NHS must be giggling over promises not to cut the budgets for their mischievous indoctrination activities.
    Labour has brought this country to the brink of financial ruin. I fear the coalition government may simply be repairing the public finances sufficiently to enable those bent on wrecking traditional England to carry on with their evil mission.

  5. Pilon
    Posted June 23, 2010 at 7:34 am | Permalink

    That doesn't sound very enthusiastic John. Do you think the cuts should have been even deeper?

  6. christina sarginson
    Posted June 24, 2010 at 10:57 am | Permalink

    Sorry to be so cynical but I worked in the public sector for many years and I do know how figures can be adjusted to balance budgets, so when these figures are published I wonder how they came about them.

  7. Mark
    Posted June 24, 2010 at 1:41 pm | Permalink

    Total spending for 2008/9 included £109.5bn at the Treasury – most of which was bailout money for "financial stability" (and compared with spend of around £2bn in 2007/8). Presumably, since this alone accounted for over one pound in six of the £621bn spending total, there are great saving possible on that front alone – or maybe, hidden in the figures is the next round of banking bailouts.

  • About John Redwood


    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

  • John’s Books

  • Email Alerts

    You can sign up to receive John's blog posts by e-mail by entering your e-mail address in the box below.

    Enter your email address:

    Delivered by FeedBurner

    The e-mail service is powered by Google's FeedBurner service. Your information is not shared.

  • Map of Visitors

    Locations of visitors to this page