The Conservatives Are Liars…We Need Hyperloop Ideas.

Cameron and Osborne have gone to great lengths to convince the electorate that they have halved the budget deficit…This is the official statement on the web site of The Office for National Statistics.

While the deficit in 2013/14 has fallen by a third since its peak in 2009/10, the continued reliance on borrowing has seen public sector net debt reach £1,483.3 billion, or 80.9% of GDP in December 2014.

So much for that lie…They also claim that they have been very austere in order to balance the books…well…on the same official website

Central government expenditure (current and capital) in December 2014 was £61.0 billion, an increase of £3.5 billion, or 6.2%, compared with December 2013.

And if you think they really care about you, the British Public…well this statement says it all

other current expenditure (mainly departmental spending) increased by £5.7 billion, or 1.9%, to £301.9 billion, mainly as a result of increases in departmental spending on goods & services and contributions to the EU, being partially offset by decreases in transfers to local government and current grants;

This chart just shows how our debt pile is growing at breakneck pace…

And this chart shows how this government have raised taxes and spending….not quite the picture they are hawking around the country..no wonder the economy can grow when you are spending so much money…sadly, £22bn a year is being spent on the EU and Overseas Aid…Imagine what could be done if just 50% of that was invested in long term industrial growth in the UK…Good quality jobs for our working people…not the zero hour, part time low pay no benefits this government has encouraged…

UKIP have pledged to stop this waste of money along with HS2 which will be a white elephant by the time it is completed. I would rather we invested in the Elon Musk HYPERLOOP SYSTEM.

In case you still feel they are committed to spending cuts…Central Office Staff Costs.. 2010/11 £93.6m…2011/12 £96.2m…2012/13 £99.3m…2013/14 £100.8m…2014/15 £104.7 (estimated )…

DEFINITION of ‘Austerity‘ A state of reduced spending and increased frugality in the financial sector. Austerity measures generally refer to the measures taken by governments to reduce expenditures in an attempt to shrink their growing budget deficits

 

 

 

Thursday, January 22nd, 2015 Consumer Debt, GBP, National Debt, UK

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