Where are the cuts?
John Redwood has entered the debate with a unique argument: spending isn’t being cut. He points to figures in the Budget which show “current” spending rising from around £600 billion now to around £700 billion in 2015. As Alex says, that suggests an increase of 15 percent over five years – hardly what anyone would describe as a cut. And there’s a similar picture for “total” spending, which will rise from around £670 billion to £737.5 billion. Yet it’s worth pointing out that Redwood isn’t using inflation-adjusted figures (aka, “real terms” figures). If you do that, then there are cuts to be seen in both current and total spending:
