£348bn to be borrowed in the next two years. More than the combined borrowing of all governments in the past 300 years.
Zero cuts in massively bloated public sector staffing. Not a mention of reining in a financially debilitating welfare bill. Nothing on cutting back on wasteful government nannying adverts. Merely marginally smaller growth.
Public spending growth to be cut from 1.1% next year to 0.7% from 2011-2012
Business as usual on taxing success though, Denis Healey will be proud to see his rich-soaking and pip-squeaking policy making a comeback.
As Gordon and slug-brows want the shirt off your back (and off your kids' backs for the foreseeable future), why not send it to him now, as Old Holborn and the Libertarian Party have suggested.
Gordon Brown
10, Downing Street
London
SW1A 2AA.
Since we are now reliving the 70s Labour experience, maybe one with wing collars might be in order. Time to go digging in the loft.
