Yesterday, Nick Robinson set out
why the past week may count as David Cameron’s worst in office so far. It’s not a great news day for the Prime Minister today, either. First up is a new report from the Commons public accounts
committee. Its headline finding relates to the last government, but has stark implications for this one: only £15 billion of the
£35 billion of savings identified in the 2007 Spending Review have been implemented, and only 38 percent of those have come from “definitely legitimate value-for-money savings”. In
other words, all those efficiency savings may not be as straightforward as you were led to believe – even if there are efficiencies to be made.
Osborne & Co. will be fully aware of this, not least because some of the efficiencies they planned before government
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