[Chrysalis]

Unfortenatly its the grim truth of one of 2 scenarios.

1 - tory leadership where they trim down the public sector which will have massive economic impact in both lost jobs directly and indirectly when the private sector loses lucrative public sector contracts.
2 - labour leadership where we have bloated public sector that isnt sustainable but does create jobs and boosts the economy.

Given the size of the defecit I feel they have made a massive mistake ringfencing both international aid and the nhs, the nhs is the largest budget (which means the easiest to reduce) yet its protected.

One stark fact which the tories will never work out is the country cannot run solely on private investment, the need for profits is what will stop that. Which is why privatising things like benefit claimant handing will be a loser to the taxpayer as the companies doing the work need a profit, otherwise there is no point in them doing it, whilst if it was handled in house that need isnt there. An example, if the private sector managed to get every single incapacity benefit claimant into work (impossible but lets pretend they do) the taxpayer would need to pay a possible 16 billion to the private firms as payment for the work. Approx 8 years worth of incapacity benefit payments and the claimant only needs to stay in work for 6 months for that. So its just shifting money from claimants to shareholders, what the tories are about. Cameron made me feel sick when he claimed Freud to be an expert on welfare, hes an expert on making money not welfare.

To me its obvious why we have a growing defecit.

We have ended a decade of where wage inflation was significantly below real inflation, so costs to the government have risen and tax income has not risen with it due to the income that income tax is based on not rising enough. Add to that also the fact that successive governments have been addicted to lowering income tax to buy votes, they are throwing away income.