Thanks for the graphs - the data on interest and debt are particularly interesting. (And, as you say, the figures in question are complicated by PFI and other processes by which money vnaihses off the balance sheets.)
I find it particularly interesting to see Defence alongside Health & Education, becuase in our mind I think we sometimes imagine the prioritisation differently - that if we just stopped building submarines or aircraft carriers, we'd be able to fix the economy. (Whereas in actual fact, defence seems very clearly underfunded for the job we're trying to do with it.)
My view of the economic situation is that the cuts are deep, but we don't know the specifics yet. In a time where the economy should be injected with capital from the Government, it is being withdrawn, and that can only be described as a risky strategy. Balanced against the risky strategy of escalating costs of interest, which is the riskier? I don't know. We should, in theory, be reimbursed for the bank bailout perhaps with a profit, but that seems a way
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I find it particularly interesting to see Defence alongside Health & Education, becuase in our mind I think we sometimes imagine the prioritisation differently - that if we just stopped building submarines or aircraft carriers, we'd be able to fix the economy. (Whereas in actual fact, defence seems very clearly underfunded for the job we're trying to do with it.)
My view of the economic situation is that the cuts are deep, but we don't know the specifics yet. In a time where the economy should be injected with capital from the Government, it is being withdrawn, and that can only be described as a risky strategy. Balanced against the risky strategy of escalating costs of interest, which is the riskier? I don't know. We should, in theory, be reimbursed for the bank bailout perhaps with a profit, but that seems a way ( ... )
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