Originally Posted by
Witton Park
Mike I agree on the £2000k. The number is incorrect. It could be more, it could be less, but it is a guess and I don't like that kind of debate, but they are toast, floundering around for anything to pick at.
However, I'd just like to point out that public spending has doubled IN REAL TERMS from 646 Billion in 2000 to the OBR forecast of 1.22 Trillion in this financial year.
That is a monetary increase, and an increase as a % of GDP from 34.8% to 45.6% over the period.
Over the same period we have 500,000 extra public sector employees.
So we have gone way beyond pay a little more tax for improved services.
One has to also take that in the context of National debt that has gone from 28% of GDP to 98.8% over the same period and soon to reach 3 Trillion with no end to the deficit in sight during the next Parliament.
And our interest payments on that debt? £74 Billion forecast this year as we still run up the national overdraft.
That's the 5th highest category of spending, almost double the defence budget.
So when any of these politicians say "our plans are costed" they are talking shite.
If I ever took such a budget to my board, I would have been fired.