Monday, 17 May 2010

Osborne's Big Choice: how much of our debt to reveal

Spectator- The cover of today's Sunday Times spells out what we all suspected anyway: that the Labour government left behind acre upon acre of scorched earth for the Tories to contend with. There's the £13 billion contract for tanker aircraft, the £1.2 billion "e-borders" IT project, a £420 million spend on schools, and so on – most of them put in place just before the election. As James said earlier, Sir Alan Budd's audit of the public finances is likely to show that things are much worse than the last Budget dared admit. more


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