Oct 10 2007
Government black holes
Mr Darling’s concern over a small alleged Tory black holes could be compared with some actual black holes from the government:
2005-6 Overshoot on public spending of ??7.7billion
2005-6 Deficit on current budget - ??8.4 billion bigger than planned
2005-5 Additional public sector borrowing - ??11.1 billion
2006-7 Extra tax raised - ??2.6 billion
2006-7 Extra borrowing in total borrowing ??6.9 billion
2006-7 Overrun in Annually Managed Expenditure ??2.6 billion
John Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College...
Not to mention that on current and forecasted growth their 84billion announced borrowing requirement for the next 3 years is definetely going to rise as revenue from the City is certain to slow down , with receipts down by at least 3Billion per year .
What surprises me most though is that not a single conservative representative has been on TV to clearly state that it is absolutely incoherent and dishonest from the part of the Labour Party to terrorize audiences into thinking that our tax-plans are uncosted and may create a shotfall of 3.5 bn which will create a ” black hole ” or “economic disarray” while at the same time announcing borrowing up by 4 billion !!! and claiming that they are deliverin economic stability !!!!
Reply: I AM READY TO - I had to use the blog as there were no interview bids yesterday other than local radio.
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Well spotted, John. I’m not saying that the inheritance tax proposals from the Conservatives were perfect, but it really does pale into insignificance when compared with these kind of numbers. I think Alistair Darling got away fairly lightly with his statement this week.
http://lettersfromatory.wordpress.com
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The remaining question is why are you the only one asking these questions ?
What has happened to journalism in this country ? The moves at the Daily Telegraph which threaten collaboration with the Brown regime represent some of the final subversion of the MSM by the New Labour project.
My late delivered Economist is almost comical in its fawning towards Brown - which is all the more thrown into relief by what has happened in the country whilst the Royal Mail had custodianship of it.
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