£1 Trillion is apparently how much the country is in debt – according to the Daily Mail Comment today (so it must be right then…)
The Mail are commenting on the fact that both main political parties are rejecting a consultants’ report which says that job cuts of up to 10% are necessary in order to save £20 Billion over the next 5 years. The NHS, say both Labour and Conservative parties, is far too important…true, but I wonder if the next Government says the same thing when it is forced to cut costs drastically.
£20 Billion is only 2% of the overall debt, if the figures are to believed, hardly anything. £340M of BSF funding is less than 2% of the proposed NHS cut, so a piddly amount (although SMS wouldn’t mind this amount of small change).
There are going to have to be some massive swingeing cuts, and these are going to be coming very soon. BSF funding, especially for school system change, is a luxury compared to employing nurses, teachers, social workers, policemen…
Those people who believe the money has been allocated are fantasists – but we now have the opportunity to ensure that the next Mayor won’t be one of these, by electing someone with some financial sense.