Gordon Brown may have been defeated, but you can hear his voice in the broadcast reports this morning about the £6 billion cuts which George Osborne will mention today. The BBC was still expressing this in terms of frontline service cuts – the equivalent of 150 schools, apparently. This was the root intellectual error which sent Britain on the path of fiscal ruin – the idea that extra spending magically means extra, better services. If that were true, Britain should have the best schools on the planet and healthiest population in the world, given that our spending over the last decade years increased, quite literally, faster than any other country over any other postwar decade*.
Source: OECD
George Osborne is not even reversing this. He’s slowing it down. Spending will still rise in Britain, but just not by so much.
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