Thursday, 24 March 2011

Jeff Randall on 2011 Budget

Between 2000 and 2010, there was a 53 per cent rise in real-terms government expenditure, but GDP went up by only 17 per cent. Jeff Randall clearly explains Labour's deficit overspend in terms that Greek, Irish and Portguese voters will understand.

Ed Miliband preaches the virtues of the "British promise", an unwritten pledge that "each generation will pass to the next a life of greater opportunity, prosperity and wellbeing". Explain to me how this can be achieved if we allow tomorrow's debts to soar so that today's benefits can be funded on tick. There is only one answer - denial.