But to move beyond the obvious, the bigger reason for why that has not been noticed to date is that the government fails dismally to account for its actions on a proper basis by producing regular income statements and balance sheets that are reconciled by a cash flow statement. As a result, it has no perception. of the scale of underinvestment that austerity has created. It has simply pretended that this is not an issue.
OK. Let’s have proper government banalce sheets. Including all that future spending on pensions which have not been saved for…..