No Wonder He Was Quick to Rush Out the C-Word [Edition 2]
Summary
FROM the moment the financial crisis exploded a year ago the Treasury and No. 10 have been at loggerheads. The Treasury, the traditional guardian of public finances, has been determined that the fiscal consequences of all its actions should be properly costed.
It was this insistence on robust, honest data which led to the revelation in the March Budget that the public finances were a basket case, with Pounds 703billion of borrowing projected over the next five years and the national debt surging to a peak of 79 per cent of total output by 2013-14.See the full content of this document
Extract
No Wonder He Was Quick to Rush Out the C-Word [Edition 2]
New taxes on the better off, designed to lower the borrowing burden, were unveiled. But what was left unsaid was that, after years of swollen spending,...
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