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

Ken Livingstone deployed a corker on TalkRadio this afternoon…
“I joined the Labour Party 50 years ago this month and in all that time I have never heard a single anti-semitic comment.”


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