04/30/2010: "Election - Cuts that must be made"

huge cuts MUST be made by ANY party that forms the next government - of this there is no doubt.

the UK taxpayer cannot go on paying vast amounts of money out, over and above, what the UK has coming in

that said, the accusations thrown at the libdems and the conservatives, that they "are not telling us where the cuts will fall" by the labour party, are an unwarranted smoke screen.

under parliamentary rules, the ruling government, prior to a general election, must allow access to the financial accounts of the UK, to the opposition parties (measures put in place by john major)
the information is gathered together, by a public spending review.
prior to this general election, the public spending review that would normally bring the financial books of the UK up to date, has been "delayed"

labour know full well, that if the opposition parties knew the sheer state of the public financies at this time, there would be a public outcry!

the figures that the opposition parties have seen, are a year to two years out of date.
you wouldnt be able to run your family finances, if you had to estimate your household bills would you?
at a time when the UK is borrowing more than Ł160 BILLION a year, just to break even, this is negligence of staggering proportions.
put this into perspective - this is like your household income being 12% short, every year, of what you need to pay your bills, and you have to borrow this and pay interest on it (without paying anything off it and not paying any of your overall growing debt off)

in a household, who's total income for the year is Ł20,000 - this represents the need to borrow Ł2400 per year just to break even - thats without buying any food all year, thats just for the household bills - this is 12% of total income (this doesnt include any interest payments either!)
Ł2400 is a substantial sum of money each year, which could pay for a family holiday, a deposit on a car needed for work, home improvements, etc.
all of these things that are valuable to the family, must wait, indefinately, as this Ł2400 is needed to balance the books just to pay bills!

back to the government figures...
without a spending review, the opposition parties do not know how much each year the UK has to pay PFI that are owed to buy schools/hospitals.
these are kept OFF the UK's books to avoid our credit rating being lowered and costing us more in interest payments.
like them or not, these have to be paid for, the UK taxpayer and political parties need to know how much they are costing us. (you cant run a household budget, if you are paying out an extra Ł100 a month that you didnt know about!)
there is also the problem of the "quantitive easing program" whereby the government have printed Ł200 billion of new money - this has to be taken out of the economy in the future.

a double dip recession is unavoidable - because the truth is, we have not come out of recession yet, if its not a depression!
you could manage the economy if you were borrowing and printing thousands of millions of pounds.

so why has the public spending review (that would reveal the true extent of the UK's financial position) been delayed until after this general election?
you dont need me to answer this.

for labour to accuse the opposition parties of "covering up" and "not telling us where cuts will be made" whilst proclaiming that they will INCREASE borrowing and put more funding in, is disgraceful.
its a blatant lie from labour, they know full well what they are hiding, and should there be a change of government on may 7th, there will be a new public spending review carried out and then the lies and negligence from labour will be revealed for all to see.