except it's not all opinions, but things like ...
How did we get into this mess? Why can?t George Osborne rebalance incomings and outgoings more readily? Where is prudence when you need her? In search of some answers, I trawled through more than 25 years of public spending records. What they show is a relentless rise in state largesse, through good times and bad, the upshot of which is institutionalised indulgence: luxuries have become necessities and value for money exists only as a concept. Between 2000 and 2010, UK government real expenditure (inflation adjusted) increased by 53 per cent from ?451 billion to ?688 billion.
As Dr Tim Morgan, head of research at Tullett Prebon, a City broking house, notes: ?No one has yet explained why the British state must spend ?700 billion today, having managed perfectly well on ?450 billion, at today?s values, 10 years ago.?
Posted By: paulg on June 25th 2012 at 16:34:56
Message Thread
- Since I seemed to have triggered an outbreak of statistics ... (General Chat) - paulg, Jun 25, 15:56:06
- Follow the money (General Chat) - Larry Hagman, Jun 25, 16:34:14
- Yep, look at Sainsburys/tescos/Morrisons etc, make billions a year... (General Chat) - DrDublin, Jun 25, 16:46:05
- I sometimes think those places don't make money either (General Chat) - pants, Jun 25, 19:26:03
- They shaft all thier suppliers.. (n/m) (General Chat) - Vivid Data Shark, Jun 25, 22:17:19
- supermarkets run on something like a 4-6% profit margin (General Chat) - emmaroyds, Jun 25, 19:42:15
- Yes spot-on !!! (n/m) (General Chat) - Larry Hagman, Jun 25, 17:00:44
- I sometimes think those places don't make money either (General Chat) - pants, Jun 25, 19:26:03
- Yep, look at Sainsburys/tescos/Morrisons etc, make billions a year... (General Chat) - DrDublin, Jun 25, 16:46:05
- All of the points you make above are fine - political opinions (General Chat) - Tricky Hawes, Jun 25, 16:06:33
- except it's not all opinions, but things like ... (General Chat) - paulg, Jun 25, 16:34:56
- reasons... (General Chat) - Larry Hagman, Jun 25, 16:46:20
- 'luxuries have become necessities' (General Chat) - Hertz van Rental, Jun 25, 16:41:36
- except it's not all opinions, but things like ... (General Chat) - paulg, Jun 25, 16:34:56
- Follow the money (General Chat) - Larry Hagman, Jun 25, 16:34:14
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