Quote:
Originally Posted by martyh
To explain that you have to look at the how the tax revenues were used ,one example I am personally familiar with was the Decent Homes Scheme ,a scheme where the Labour government of 2000 gave away billions to LA's to upgrade council houses ,a worthwhile and much needed scheme that was extremely badly managed and wasted a lot of the funds. It was due for completion in 2010 but a report in 2010 estimated completion in 2018 costing billions more .
I am sure there are other failures from both labour and conservative but this was a main policy for Labour and much lauded by Blair and Brown and accounts for a lot of waste in the public purse
http://www.24dash.com/news/housing/2...l-Audit-Office
It's worth mentioning also that the current government is still borrowing money to pay for this scheme because they have an obligation to continue the scheme until completion which also accounts for a lot the extra borrowing in the current government |
£40bn of borrowing a year? Add a £17bn a year surplus and that is the sort of figure of excessive spending we're talking about. That was still all pre-banking crisis.