Osborne doesn’t need Plan B, but he does need Plan A+
It is worth reiterating though – because the averagely interested observer might not appreciate this from the froth of much of the media coverage – that the overall cuts package proposed by the Coalition is relatively modest. Total spending will only fall by about 3.5% in real terms by the end of the Parliament and the national debt will actually grow by about £400bn. The overall financial burden we are shuffling onto our children is continuing to grow. The price they will pay tomorrow for our largesse today continues to rise. The government is slowly getting the public finances into some semblance of order. But they are not engaged in the sort of serious recalibration of the private and public sector that the Trade Unions would have you believe. And many of us would actually like to see.
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