Where's the Cut?

Last night John Redwood flummoxed Kirsty Walk on Newsnight (here) when he said that the government was not cutting public expenditure. She didn’t really know where to go with her line of questioning since it was so off her script. The BBC weltanschauung is that we will soon be seeing massive and terrible cuts in government spending which will provide endless material of the grinding down the poor and vulnerable kind for them.

The truth, as Redwood points out, is that the government is still planning on spending rising every year, government debt will continue to rise year-on-year and the deficit will not be closed even in 2015. The unfunded overspending will be restrained in comparison to Gordon Brown, but will continue regardless. This government will continue to spend more than it receives and the budget will not be balanced. There will be no overall cut in spending…

mdi-tag-outline Cash Newsnight
mdi-timer August 12 2010 @ 09:01 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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