The Truth Leaked : Treasury Cuts Plan

Here are the key numbers:

cuts-by-the-numbersThat negative increase is what we normally call a cut:

(1 – .008) x ( 1 -.04) x (1 -.018) x (1-.03) = .9071

In other words a cut of 9.3% on 2009…

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Quote of the Day

John McDonnell tells the Gallery/Lobby lunch what the priest told him to do…

‘He persuaded me to do this. He said you need to soften your image. So do Mumsnet and do this…. I’m trying to soften my image.’


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