Misleading claims - again
In the spending review in and Autumn Statement our Pinocchio-like Chancellor said "
we will spend £12 Billion more on capital investments, making faster progress to building the infrastructure our country needs"
Oh yeah?
Yes, he can claim to be increasing spending but on in relation to the reduced levels HE cut it to in order to boast as having reduced the deficit!
The 2009 - 2010 public investment - under a Labour Government - was £69 billion, or 4.9%of GDP.
Next year he's making it £65.2 Billion, or 3.4% of GDP and it'll remain at that level for the rest of this Parliament.
Minimal commitment to public investment could play into the hands of the eager Chinese, keen to invest in this country and the PFI companies too and is the ultimate false economy.
Downturns always, always result in the rug being pulled from under "foreign" investments; I've been made redundant twice because of that alone.
Osborne's move "next door" is obviously more important as this ploy enables him to predict a budget surplus but the county's being sold far too cheaply.
We have major hospitals with PFI debt in the Billions
now which they can only continue to service by cutting the very things we ordinary folk need, services to NHS users but their debts and all the other PFI debts are NOT on the Government's book - so that's alright then is it?!
![Icon Eek](images/smilies/icon_eek.gif)
stevmk2