Online:
Visits:
Stories:
Profile image
By Capitalists@Work (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Are Labour and the Tories really very different?

Monday, March 9, 2015 1:57
% of readers think this story is Fact. Add your two cents.

(Before It's News)

A nice, refreshing attack on the Tories by Ed Balls will be made today. Lacking in an detail, he instead claims that the future Tory Government cuts will be the worst in the history of the  world, the worst ever made anywhere, ever, and much worse than anything that has ever been done before.

Underneath the Election hyperbole, the difference in spending by each party is set to be around £75bn a year by the end of the parliament. This may sound like a lot, but in cash terms, this is around 5% difference in Government spending.

Currently, we are in the budget process at my workplace. Increases or cuts of around 5% mean in the round, no overall change. Nothing is considered difficult until you get to around 10% and then actually difficult cuts start there  and above – certainly no redundancies hit until at least 10% is suggested for a cut in spending.

So perhaps the most insightful thing that Ed Balls is telling us today, is that there is very, very little difference between the Party’s and as such, the vehemence of the rhetoric has to be turned up very high, to address the paucity of the product on offer. 



Source: http://www.cityunslicker.co.uk/2015/03/are-labour-and-tories-really-very.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.