From the TUC:
the most savage cuts in our welfare and social infrastructure for generations.
Hmm, so what cuts are those?
What the coalition\’s spending plans really amount to is a five-year, real terms freeze of current expenditure, combined with three years of significant falls in capital expenditure. The overall impact of that is a a very small, real terms drop in TME (roundabout 1.5%) between now and 2015-16.
Oh.
Yeah but if they don’t go absolutely mental at tiny cuts, politicians won’t be scared of making actual cuts.
I mean, this is still just the deficit we’re dealing with. That Labour enlarged the state by 30%… we’re not dealing with that at all. We’re still going to be 30% larger than 1997.
I thought when they adopted Keynes in 2007/2008 they used this as an excuse to bring capital spending forward. In which case there should be a drop in capital spending in future years.
Or does Keynes only work when it comes to spending?
Today’s ONS statistics showed the biggest fall in the economically inactive (by 158,000) since 1984.
The Coalition is creating more employment than Brown’s Band of Sisters ever did.
http://nbyslog.blogspot.com/2010/09/analysis-why-todays-employment.html