Reality Check on Cuts

As Labour begins to scream hysterically about the planned £6 billion reduction in over-spending which will be made in Osborne-Law’s Emergency Budget, it falls to Guido to remind readers again that £6 billion is less than 1% of government spending and is equal to a mere two weeks of government borrowing.  This graph (first seen here) shows the difference in Labour and Tory coalition spending plans:

It doesn’t even begin to tackle the government’s indebtedness…




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Quote of the Day

Speaking at the Salzburg Summit on the Brexit negotiations, Juncker revealed:

“No decision will be taken here. Whenever the Commission is too flexible things are going wrong.”

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