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If spending was the issue, the doubling of social welfare spending's share of GDP would have provided such a massive amount of resources to these programs that
by ETH_start 4y ago
If spending was the issue, the doubling of social welfare spending's share of GDP would have provided such a massive amount of resources to these programs that a 1.3 percent drop in relative spending wouldn't lead to the dire outcomes this article references.
And if you call the Tories reducing spending by 1.3 percent of GDP, what do you call a doubling of spending as a share of GDP? The Big Picture here is massive spending growth over the long run, that totally eclipses this minute drop.
>>Once you allow for inflation, there is a growing underspend in care
Wrong. The UK has seen significant per capita GDP growth, after accounting for inflation.
So rising social spending as a percentage of GDP means rapidly rising inflation-adjusted spending per capita.