Fraser Nelson Fraser Nelson

The choice Cameron faces now that we’re over the cliff

British politics is currently suspended in one of those strange Road Runner moments, when we’ve run over the cliff but haven’t looked down. From April 2011, spending on public services will start to fall by a cumulative 7 percent over three years, according to Budget 2009. And given its fairytale economic assumptions (trampoline recovery, etc) the real cuts could be far greater.

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