Monday, 17 May 2010

Reality Check on Cuts

Guido Fawkes | May 17, 2010 at 11:29 am | Tags: Market Watch | Categories: default | URL: http://wp.me/pvx79-5Wu

As Labour beings 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...