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Thursday, 27 August 2009

Public spending

Apparently, there is talk of Labour committing itself to spending cuts after the summer recess.
One of the things to be at least delayed will be Trident, that's cool.

"Ministers will trumpet the fruits of Labour's "investment" as more new schools open at the start of the new term that at any time since Victorian era. They will argue that spending money on education and skills is crucial to boosting long-term economic growth and therefore the speed at which public debt can be repaid."

That's certainly the most important way to re-balance the books. As always, investment is key when there is no money.
I wonder why only spending cuts are being talked about. I assume it's because they either believe that tax rises will not bring in any more money, or they are scared of being seen as Old Labour

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