Between 2009-10 and 2015-16, nominal expenditures are projected to rise from £669bn to £757bn. I know this is a cut in real terms, but it hardly justifies Shriti’s comment or the shrieks of outrage. I think an increase of 13% over five years falls outside the commonsense definition of a cut.
A good read, which includes this lipsmacking gem:
My [advice to Labour] would be: confess. You got it wrong. I mean, the good thing in confessing that you got it wrong – you can throw Gordon in front of a bus, which I think will be pleasing. But the economic situation was not solely caused by global financial crisis, you were running a deficit from 2002 when the Global Financial Crisis was at least five, if not six years away from development. So admit that you got it wrong.
Hat tip to Mr Fawkes.
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