Those geniuses from our in-touch and financially astute coalition government and their brainy, experienced, selfless civil servants came up with a cunning plan for the 2010 Spending Review ™.
Just to remind those from another planet, the immediate problems our country faced as at the time of the Spending Review in October 2010 were:
- Huge existing debts
- The need to borrow huge amounts each year
- The need to print millions in monopoly money each year (they call it Quantitative Easing)
- A ruinous, huge annual public sector spending.
- Part of the public spending is down to the EU in terms of annual membership fees, lost business because of illogical EU rules, welfare payments being paid to the 100,000s of Poles, Lithuanians, Afghans, Iraqis, Indians and Pakistanis the EU forces us to import.
What was their solution? Guess which one of the following spending plans our enlightened masters chose:
Plan A - No cuts.
- Keep spending at the existing £696 billion per year.
Plan B - Small cuts of 2% per year.
- By 2014 we should be spending the same amount as 2008/09.
Plan C - Cuts of 5% per year.
- By 2014 we should be spending the same amount as 2007/08.
Plan 9 from Outer Space - NO CUTS, but INCREASE spending.
- Keep increasing the public sector spending EVERY year.
- Keep borrowing MORE money each year.
- Keep increasing the national debt each year.
- Keep giving 100s of millions of pounds to India each year. India has a billion dollar space program and has just bought a multi-billion dollar aircraft carrier.
- Keep giving billions to unproven "green" technologies which are not based on settled, empirical science and, in any event, will be completely useless against the global increase in CO2 emissions. By the way, CO2 is an essential plant food, it is not a poison!
[Hat tip to Richard North at http://eureferendum.blogspot.com]
Public Sector Spending
2004–05 Actual £492.377 billion
2005–06 Actual £524.006 billion
2006–07 Actual £550.046 billion
2007–08 Actual £582.534 billion
2008–09 Actual £629.844 billion
2009–10 Estimate as at Jul 2010 £669.260 billion
2010–11 Planned £696.800 billion
2011-12 Forecast £701.8 billion
2012-13 Forecast £713.0 billion
1013-14 Forecast £724.2 billion
2014-15 Forecast £739.8 billion
 Richard North's article on the Spending Review: http://eureferendum.blogspot.com/2010/10/for-avoidance-of-doubt.html
 H.M.Treasury's Spending Review document: http://cdn.hm-treasury.gov.uk/sr2010_completereport.pdf
(see "Total Managed Expediture" on pages 17 and 77
 H.M.Treasury's document on previous actual spending: http://www.hm-treasury.gov.uk/d/pesa_2010_complete.pdf
Page 30 Table 1.11
 Indian government document on aid received from G8 countries