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It's a strange world where rising public sector spending as a % of GDP is looked at as horrific spending cuts. People are blaming the wrong thing - it's long a
by martinald 8y ago
It's a strange world where rising public sector spending as a % of GDP is looked at as horrific spending cuts.
People are blaming the wrong thing - it's long age which is causing this. Even though spending is rising, it's not rising 'fast' enough to keep up with the giant bill senior citizens are creating for the NHS and DWP. As the govt has massively ramped up NHS spending and locked pension rises at a historicallg high level, it means every department that isn't catering to this is seeing larger cuts.
Not really sure if just endlessly rising public sector spending to cope with old age can work long term.
- CJefferson 8y agoSimple measurements of money spent don't show the whole picture (as the article discusses). Many of the harshest cuts were against services for the poor, while other expenses (military, pension support for richer citizens) saw raises in spending above inflation.