That ~£300 billion pounds of total spending in about 1995 ended up as ~£650 billion by about 2010 is not a rise, it's investment.
Leftist darling Krugman acknowledges the need for cuts in UK public spending... "Eventually", but that cutting now is a bad idea, if we paid attention to history. Which is what freemarketist darling Timmeh did, and concluded that a 25% devaluation of currency combined with cuts to public spending saw the recovery begin.
Shroud and bleeding stumps all across the board about "ideological" cuts, and cuts aimed at Labour stronghold areas. "You could say that Labour deliberately put the money in one direction and the coalition by bundling them into one grant, by accident or design will redistribute the moneyin the other direction." (Warning - link is to hard right Guardian)
All this in the face of the most pitiful opposition so far. Even the piss poor Tories did better than this from 1997 onwards.
"Labour has, on the whole, decided that the deficit isn't its fault. It has, you would imagine, been invented by the Tories purely in order to allow them the cuts which they are imposing with an odious relish."
- link to ultra right wing Guardian.
Leftist decries Labour's record on the deficit "Our attempts to get to grips, in political terms, with deficit reduction have been tragi-comic. First we had the Balls plan. Then the Darling plan. Then we tried to muddle through the election with a fusion of the two. The Ballsing plan."
Labour MP Geraldine Dreadful tries to lead the fightback, "Indeed, the people are preparing even now to board Unison sponsored buses to London; at this time of social crisis, Labour has much to be silent about!"
No wonder that The ConDems have got their point across, even in spite of the Biased BBC.
Not only is the audience of Question Time accused of being picked to be hostile to the government, the bosses have to tell their left wing employees to stop tweeting in order to preserve impartiality. To be fair, the BBC notes that overtaxation is having an effect on ordinary people -"Living standards for those on average incomes are now in decline -- it is as if there's been a national pay cut thanks to very low wage growth and a very strong rise in taxes and prices (the highest in Western Europe) -- and that's before the rise in VAT to 20% in January. "
Wall St Journal comments: "Much of the endless City hand-wringing over the future of London and the regular threats by banks to quit can be taken with a sack load of salt. But the world has changed since the financial crisis in important ways. Bankers say they increasingly find it hard to persuade staff to move to the City. Hong Kong, Shanghai and even Dubai are seen as more glamorous and important places to forge a career. Older European professionals who used to like being based in London for the tax breaks are suddenly discovering the need to live closer to their clients and are moving back home." "Far from being the deepest cuts in modern times, the Institute for Fiscal Studies calculates the proposed 3.6% real-terms cuts in public spending over fives years are only the deepest since 1976."
Former Lib Dem Charlotte Gore notes:
"It's almost as if there's wow like no easy answers. Except there is an easy answer: Cut spending. At least, that would be an easy answer if it wasn't some sort of social taboo to even considering the idea. Especially if the name of your party rhymes with Rory, in which case youre especially not allowed to consider cuts, cos, you know, you're doing it for fun because you're evil".
Freemarketist darling Timmeh takes Leftist darling Johann Hari apart.
Strange it takes a rough blogger to make some useful suggestions to the leftists regarding cuts.
Righty-Right winger John Redwood MP has some words on government strategy - "I want the government to do more to reassure public sector workers. There do need to be substantial savings from fewer employess, doing more with less. This should be done without compulsory redundancies, so all public sector workers can be reassured they will have work even if their job is abolished. The Chancellor tells us staff turnover is running at 8%. I have been assuming 4% in my figures. At 8% the state could reduce employee numbers by 500,000 with no redundancies within the first two years, whilst recruiting new teachers, doctors nurses and other crucial specialist staff from outside. "
We've heard a lot of use of the word "progressive" of late; the right wing think tank IEA has some interesting words: "Firstly, it’s worth noting that the relatively affluent in Britain pay a very high proportion of the overall tax take. In terms of income tax, the highest earning 1% contribute nearly a quarter of all receipts and the top 10% account for well over half."
Not widely reported, Osbourne goes after tax evaders.
Remind me again, which are the nasty party? Labour's Chris "Underpants" Bryant accuses Clegghead of "cleansing" then Champagne Socialist Pollytwaddle Toynbee (it's only a small villa in Tuscany you know, so it doesn't count) thinks "the Tories have a final solution for the poor".
Leftist media has had some disappointing results, as the economy grows 0.8% this quarter.
Tory bankroller, tax exile and boogeyman for leftists, Lord Ashcroft, asks "Her Majesty's Government whether they expect citizens to organise their tax affairs in order to maximise tax payable."
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