At last the BBC and others accept what readers of this website have known for weeks – that cash spending carries on rising under the government’s plans. We have heard of the increases in Health, Schools, Pensions, EU, Overseas Aid and debt interest. Today we hear of the programmes that are being cut, and...
Will there be “cuts” when total public current spending is planned to increase by £92.5 billion over the next five years, rising every year during that period? Apparently so. I guess there will be four sorts of cuts. 1. Sensible cuts because we do not need the public sector to do certain things. The...
Throughout the Thatcher era Labour claimed public spending was being cut. Each year it rose. In 1978-9, the last Labour year, total public spending was £75 billion. By 1989-90, the last Thatcher year, public spending was £200 billion. This was up every year and up after allowing for general inflation. According to this year’s...
The government keeps telling us borrowing more, spending more and printing more boosts the economy. They should look at the figures and ask themselves Where has all the stimulus gone? The figures are amazing. Since 2005 the government has doubled central government borrowing (on its own understated figures ) from £469 billion to £922...